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The merchandise exports of India are set to record a growth of 11.4 per cent to reach 114.4 billion dollars in the July-September quarter of the present financial year, as per the quarterly data by Export-Import Bank of India (Exim Bank).
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The merchandise exports of India are set to record a growth of 11.4 per cent to reach 114.4 billion dollars in the July-September quarter of the present financial year, as per the quarterly data by Export-Import Bank of India (Exim Bank).
The report states that the predicted rise in exports during the second quarter of the financial year of 2023 could likely be shadowed by global commodity prices softening. The gain in exports could also be disturbed due to a slowdown in major trade partners, the pressure of inflation, and tight monetary policies around the globe.
The report also mentions that India's merchandise exports fell marginally to $33 billion in August 2022 as compared to $33.38 billion recorded in the same month last year. The bank uses its in-house model to generate an Export Leading Index (ELI) for the country. This helps it to track and forecast the Indian Export movements on a quarterly basis. It gauges the outlook for the country's exports.