India Ranks 15~(th) Globally in Indo-German trade in Engineering Sector

摘要

Germany is known globally for its engineering technology. The German manufacturers are internationally well positioned with their broad range of sectors: In 23 out of 31 comparable sectors, they are among the global top three; in 14 of which, they are in first place. India ranks 15th globally, in the list of top 50 destinations for the German Mechanical Engineering exports. In 2018, the total import of machinery from Germany reached a volume of € 3.40 billion. This was an increase by 9.3 per cent compared with the same period of time in the previous year. On the other hand, in 2017, India imported machinery of the value € 18.37 bn globally. Germany is the 2nd most important supplier to India globally, share of around 16.7 per cent, behind China (34.2 per cent) and ahead of Japan (10.3 per cent) and Italy (7.4 per cent).