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OVERSIGHT
Engineering exports
fall again
Besides the continuing global trade disputes, India’s engineering exporting community is
hamstrung by the lack of adequate credit flow
POLICY WONK
URING June 2019, merchandise spectively, the month of June 2019 saw terms, merchandise exports conceded
exports from India declined for 9.71 percent decline in India’s merchan- 7.52 percent decline in the reporting
Dthe first time in fiscal 2019-20 on dise exports over the same month last month.
a year-on-year basis. After registering fiscal. During the month, merchandise Imports in June 2019 were $40.29
0.64 percent and 3.93 percent growth export was at $25.01 billion as against billion, which was 9.06 percent lower
in the first two months of this fiscal re- $27.7 billion in June 2018. In rupee in dollar terms over imports of $44.3
AUGUST 2019 l INDIAN ENGINEERING EXPORTS l 31
