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Export of engineering goods from India

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The commerce ministry on Monday asked exporters to focus on potential key sectors such as food, electronics and engineering and 12 major markets to boost exports, an official said. During April-May 2023, exports of spices and spice products were worth Rs 6702.52 crore ($815.39 million) compared to Rs 4746.85 crore ($618.63 million) during the same period in the previous year. India proudly leads as the largest exporter of guar meal worldwide, generating a remarkable export revenue of $617 million for the fiscal year 2022-23. Software exports dominate India’s services exports, “other business services” exports have seen a strong ramp-up recently, accounting for 24 per cent of the total services exports Commerce minister to meet traders as exports dip Cumulatively, exports during April-May this fiscal contracted by 11.41% to $69.72 billion, While imports declined 10.24% to $107 billion. Demand slowdown in major markets