With the US withdrawing GSP benefits, the engineering sector in India seems to be in a tight spot as its exports to the western country under the programme account for about 44 per cent of the total annual duty benefits of $5.6 billion, an expert has said. In 2018-19 fiscal, the engineering exports to the US stood at $331 billion. Of the total annual benefit of $5.6 billion India had been receiving from the US, the value of GSP benefit for engineering exports account for $2.5 billion, Rakesh Shah, the former chairman of Engineering Export Promotion Council of India (EEPC India), told PTI on...