EEPC India remains "cautiously optimistic" for the engineering exports growth in the current fiscal, even though the shipment registered a 7.3 per cent year-on-year increase in May, amounting to USD 9.98 billion, an official said on Friday. This uptick is part of a consistent growth pattern, with the April-May period of FY25 witnessing exports totalling USD 18.65 billion, a modest rise from USD 18.25 billion for the two months of FY'24, the Engineering Export Promotion Council said. "We remain cautiously optimistic with the upturn in shipments which reflects improvement in the demand scenario in key markets. The global economic outlook is expected to improve in the ongoing fiscal and exporting community remains optimistic," EEPC India chairman Arun Kr Garodia said. Softening price pressure and easing of interest rates in major advanced economies is set to spur demand, he said. Garodia also pointed out that several Free Trade Agreements (FTAs) are under negotiation and these could b