Exim Bank pegs exports to grow around 8% in Dec after two months of decline

For Q3 as a whole, it sees outbound shipment declining by 1.77%

Topics
EXIM Bank | Trade exports | Engineering goods exporters

Indivjal Dhasmana  |  New Delhi 

Exim Bank has projected exports to grow by 7.75 per cent in December after two months of continuous decline. It pegged exports to stand at $29.19 billion in December this year against $27.09 billion in the same month last year.

For the third quarter of the current financial year as a whole, Exim Bank forecast the outbound shipment to decline 1.77 per cent at $77.6 billion from $79 billion a year ago. It attributed this contraction to the steepest and continued fall in oil exports witnessed since March, 2020. Basically, Exim Bank made projections for the third quarter on the ...

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First Published: Fri, December 18 2020. 19:04 IST
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