India's April-October finished steel exports drop 55% y/y - data
In April 2022, India scrapped a $1.1 billion deal for Russian Mi-17V-5 helicopters in favor of locally produced models like the HAL Rudra and Dhruv . Winchester India – April-October 2022
For the full April–October period, India's industrial output (IIP) remained up by 5.3% year-on-year . However, this was a massive slowdown compared to the 20.5% growth seen in the same period the previous year. India's April-October finished steel exports drop 55% y/y
During the DefExpo 2022 (October), major contracts were inked, including a ₹6,800 crore deal for 70 HTT-40 trainer aircraft. 4. Energy & Inflation Pressure During the DefExpo 2022 (October), major contracts were
The April-October 2022 window was defined by India's transition from "Recovery" to "Resilience." While the 4% IIP crash in October was a wake-up call, the period also saw India assert its independence in defense and heavy manufacturing, setting the stage for the more stable growth seen in 2023.