India's engineering exports up 20 per cent
Indian engineering exports have grown by close to 20 per cent during the April-may 2018 period despite the Us-china trade war. "In fact, the US ranked number one exporting destination for Indian engineering products in May and registered a cumulative expansion of 19.75 per cent for the April-may period." India's cumulative engineering exports to the US increased to $1.86 billion in the said period, from $1.56 billion in the same period the previous fiscal.
Though there has been a drop of about one per cent in exports of steel products to the US to $250.86 million, from $253.44 million, it has got more to do with the global trend of pressure on the metal prices seen only in the last few months.