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India’s Engineering goods exports to Russia 2x in 2023

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  Engineering goods are the most important exports of India. Over the years, India's engineering goods market has seen tremendous growth. According to India import export data reports, the overall exports of India's engineering goods recorded to be $28.87 billion dollars during the financial year 2023. This includes optical, medical instruments, clocks, watches, musical instruments parts, etc. During this period, India’s biggest markets for India’s engineering goods exports were France, Turkey, Germany, United States and Russia. Especially across Russia, India’s engineering goods exports doubled during 2023. As per Russia import data , Russia alone was responsible for $1.22 billion worth of engineering goods imports from India during last fiscal year. These include various precision instruments like optical, photographic, medical, surgical instruments. India’s overall optical, medical instruments exports were recorded to be $2.4 billion in 2023. Whereas, during January 2024, ...