Engineering exports expected to power on, but not without hurdles

After-effects of demonetisation may derail production plans of medium and small enterprises

A sharp rise in demand, spending recovery in import markets and a low base effect will likely see engineering exports, crucial to the country’s export revival, upsurge in the near future.
 
Rising for the sixth straight month, exports posted a 17.48 per cent jump year over year in February, the highest rate in more than five years. Apart from petroleum exports, this spike was fueled by engineering goods, exports of which rose by more than 47 per cent in February, up from an 11.89 per cent rise in January. This has been attributed to spending recovery in major markets