Journal Press India^®

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Engineering Sector has a place of pride in the Indian economy in terms of its contribution to output, employment and export. Engineering exports constitute roughly 20 per cent of total Indian export clocking very close to petroleum product export which is first in terms of overall Indian export. Engineering exports were valued at US $71 billion in 2014-15. There has been a marked shift and change in the composition and destination of Indian engineering export over the years. Engineering sector has made its presence felt in the developed markets like US and European Union implying India’s strength and  capability to deliver quality products and face international competition. This paper is an attempt to analyse the performance of Indian engineering goods export in recent time during the period 2002-2015. Various dimensions of export such as export growth, destinations, composition, and problems of export and strategies of export are examined in the paper. The impact of the Global financial crisis of 2008 in US on engineering exports has been analysed through a dummy variable regression model.

Keywords

Engineering goods industry, Export, Regression model, Growth rate, Strategies for export promotion

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