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India engineering exports hit record 122 43 billion as WANA shipments plunge 51 amid tensions
Economy
Published on 24 April 2026
US stays top even as tariffs bite and WANA drops
Indian engineering exports reached a record US$122.43 billion in FY26, with the US remaining the biggest destination even amid tariffs. Shipments to West Asia and North Africa fell 51% amid rising regional tensions. While exports to the UAE and Saudi Arabia declined, Germany, the UK, and China powered growth.
- Engineering exports hit a record US$122.43 billion in FY26
- US remained India’s top market despite tariff pressures
- WANA shipments dropped 51% amid West Asia tensions
- Germany, UK and China were major growth drivers
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times