Moneycontrol
you are here: HomeNewsBusiness
Last Updated : Sep 13, 2018 04:04 PM IST | Source: PTI

Exim Bank expects merchandise, non-oil exports to grow over 12% in Q2 FY'19

Merchandise exports during September quarter 2017-18 stood at USD 74.21 billion and non-oil exports stood at USD 65.17 billion.

Export-Import Bank of India (Exim Bank) expects India's merchandise exports as well as non-oil exports to grow over 12 percent in the second quarter of the ongoing financial year.

While the merchandise exports are likely to grow 12.3 percent in September quarter, non-oil exports may witness 12.4 percent growth during the period, Exim Bank said in a statement.

Merchandise exports during September quarter 2017-18 stood at USD 74.21 billion and non-oil exports stood at USD 65.17 billion.

The forecast is based on Exim Bank's Export Leading Index (ELI), which continued to show a positive growth momentum.

The next growth forecast for October-December would be released during the first week of December 2018.

ELI gauges the outlook for exports and is essentially developed as a leading indicator to forecast growth in total merchandise and non-oil exports of the country, on a quarterly basis, Exim Bank said.
First Published on Sep 13, 2018 04:00 pm
Loading...
Sections
Follow us on
Available On