Engineering goods exports decline 9.8 per cent in January to $8.41 billion

Cumulative engineering exports during April-January 2022-23 also declined by 3.68 per cent year-on-year to $ 88.27 billion. In rupee terms, cumulative engineering exports recorded 3.47 per cent growth year-on-year. This disparity was due to 7.7 per cent depreciation of Rupee vis-à-vis the US Dollar during April-January 2022-23 over April-January 2021-22.