ENGINEERING GOODS INDUSTRY OF INDIA 2022-23: PROSPECTS AND CHALLENGES
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- ENGINEERING GOODS INDUSTRY OF INDIA 2022-23: PROSPECTS AND CHALLENGES
The engineering sector is the largest of the industrial sectors in India. It accounts for 27 per cent of the total factories in the industrial sector and represents 63 per cent of the overall foreign collaborations. India is among the few nations in the world, whose exports are dominated by capital goods and engineering items. In 2021, more than 25 per cent of the total export basket of India was dominated by the engineering industry. With the revival of the macro-economy in 2022 from the disruptions caused by the pandemic, the engineering good sector started on an optimistic growth and investment note.
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