Engineering exports to miss $60 bn target in FY'13
The decline in engineering exports is in sync with the country's overall exports that fell by 5.95 per cent year on year to USD 189.2 billion in the first eight months of the current fiscal.
Engineering exports include transport equipment, capital goods, other machinery/equipment and light engineering products like castings, forgings and fasteners.
During 2011-12, engineering exports grew 17 per cent to USD 58.2 billion, compared to USD 49.7 billion in the previous fiscal.
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