While shipments to major markets such as the US, EU, and China declined, exports to CIS countries rose by 160% Even as Indian exports to the rest of the world are slowing, engineering exports to Russia and other Commonwealth of Independent States (CIS) countries have registered a sharp uptick, jumping nearly three times from June last year, PTI news agency reported, citing data from the Engineering Exports Promotion Council (EEPC). Engineering exports to Russia almost tripled in June 2023 and stood at $116.9 million. In cumulative terms, exports jumped four-fold during the April-June period of the current financia
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