{
  "id": 1041058,
  "title": "India's engineering services exports surge nearly eightfold to USD 13.8 billion in a decade: NITI Aayog",
  "url": "https://urgent.news/2026/08/15/indias-engineering-services-exports-surge-nearly-eightfold-to-usd-13",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-15T12:47:46.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/indias-engineering-services-exports-surge-nearly-eightfold-to-usd-13-8-billion-in-a-decade-niti-aayog/articleshow/133263000.cms"
  },
  "original_language": "en",
  "account": "India's exports of engineering services have skyrocketed, growing nearly eightfold over the last ten years to reach USD 13.77 billion in 2024-25, according to a report by the NITI Aayog. This substantial increase, from USD 1.77 billion in 2014-15, underscores the sector's expanding role in India's professional services trade. The report reveals that the engineering services export sector has experienced a robust compound annual growth rate (CAGR) of 22.8 percent during this decade.\n\nIn contrast, engineering services imports have remained relatively stagnant, with a modest CAGR of just 0.9 percent, rising from USD 1.59 billion to USD 1.73 billion over the same period. This divergence highlights the expanding competitiveness of India's engineering services sector in the global market.\n\nThe surge in exports is particularly noteworthy given the sector's significant contribution to employment in India. Between 2015 and 2022, engineering accounted for 67.2 percent of all technical degrees awarded, as reported by the India Employment Report 2024. This trend indicates a robust demand for skilled engineering professionals in the country.\n\nHowever, despite this growth, the sector lacks a comprehensive regulatory framework. Unlike other professions such as architecture and medicine, engineering services in India currently operate without a unified legislative framework. While several attempts have been made by the government and professional bodies to introduce an Engineers Bill, it has yet to be passed by Parliament, leaving the profession largely unregulated.\n\nThe NITI Aayog report recommends the establishment of a central statutory framework for engineers engaged in construction and infrastructure-related activities. This framework would help enforce minimum standards, prescribe a code of ethics, and introduce accountability mechanisms, particularly important in areas involving public safety. Such regulations could enhance structural safety, bolster public confidence, and support the professionalization of engineering services in India.\n\nFurthermore, the report suggests recognizing architects and engineers as allied professionals to provide clearer regulatory guidance in overlapping areas of their work. Drawing from Singapore's regulatory model, the report suggests that recognizing architects and engineers as allied professionals could enable them to operate within their respective expertise while also undertaking overlapping activities, without blurring the distinct professional responsibilities of each. This approach could foster greater collaboration and efficiency in the engineering services sector.",
  "summary": "India's engineering services exports have experienced impressive growth, climbing to USD 13.77 billion in 2024-25, showcasing a dramatic increase since 2014-15. Meanwhile, imports of engineering services have remained fairly consistent. A report by NITI Aayog emphasizes the vital role this sector plays in employment and suggests the creation of a centralized statutory framework for engineers to…",
  "key_points": [
    "India's engineering services exports grew nearly eightfold to USD 13.8 billion in 2024-25.",
    "Engineering services export CAGR of 22.8% over the decade, while imports grew only 0.9%."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}