Q3 exports to grow 1.8 per cent on year: Exim Bank

India’s merchandise exports are expected to grow 1.85% on year in October-December quarter to $ 107 billion, according to a forecast.

“Non-oil exports are forecast to amount $ 91.7 billion, with a y-o-y growth of 7.39%, during Q3 of FY 2025. Non-oil and non-gems and jewellery exports are forecast to amount $ 82.7 bn, with a y-o-y growth of 7.8%,” the forecast by Export-Import Bank of India said.

Also ReadSlowdown bites top IT brass: Face cut in variable pay while junior staffers receive 100%

The positive growth rate in total merchandise exports, non-oil exports, and non-oil & non-gems and jewellery exports, are likely to continue in the last quarter of the financial year (Jan-March 2025).

Also Read EPFO reports 7.8% increase in claims settled, 7.6% growth in subscribers: Labour Ministry Godrej Properties’ net debt rises 2% to Rs 7,572 crore in Q2, plans to raise Rs 6,000 crore for future growth Page Industries Q2 profit up 30 pc to Rs 195.2 cr; revenue up 11 pc at Rs 1,246.3 cr Vedanta swings to black with Q2 profit at Rs 5,603 crore, revenue down 3.6% YoY

Positive growth in India’s exports could be as a result of India’s continued strong economic activity backed by sustained momentum in manufacturing and services sector, improving demand prospects in trading partners, supported by expected global monetary easing, it said.

The outlook is, however, subject to risks of global uncertain prospects in select advanced and emerging economies, geoeconomic fragmentation, the middle east and west Asia crisis, risk of intensification of protectionist policies, and global supply chain disruptions, among other factors.

In the second quarter (July-September) the Exim Bank had forecast goods exports of $ 111.7 b, witnessing a year-on-year (y-o-y) growth of 4.2%. The actual exports during the period came at $ 103 billion.

Also ReadOpen to lift tariffs if local industry not hurt: Finance Minister

The forecast is based on the model Exim Bank has developed in-house to generate an Export Leading Index (ELI) for India to track and forecast the movement in India’s exports on a quarterly basis. The ELI gauges the outlook for the country’s exports and is essentially developed as a leading indicator to forecast growth in total merchandise and non-oil exports of the country,

 » Read More

Related Articles

Safeguarding Property Ownership: The best agreement for landlords

Typically, there are two primary objectives for investing in a piece of property. The first is purchasing the property for personal use, and the second is buying it now with the intention of selling it later for a profit when the need for funds arises. Additionally, until the property is sold, it can generate a

Amazon responds after BIS raids uncover uncertified products at warehouses

Following raids conducted by the Bureau of Indian Standards (BIS) at warehouses of major e-commerce players, including Amazon and Flipkart, Amazon has issued a statement reaffirming its commitment to product compliance and customer safety. The raids, carried out under the supervision of the consumer affairs ministry, led to the seizure of thousands of uncertified consumer

FPIs continue sell-off; withdraw Rs 30,000 crore from equities in first fortnight in March

Foreign investors continue to pull back money from the Indian equity market withdrawing a little over Rs 30,000 crore in the first fortnight of the month amid escalation in global trade tensions. This came following an outflow of Rs 34,574 crore from equities in February and Rs 78,027 crore in January. With these, the total

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Safeguarding Property Ownership: The best agreement for landlords

Typically, there are two primary objectives for investing in a piece of property. The first is purchasing the property for personal use, and the second is buying it now with the intention of selling it later for a profit when the need for funds arises. Additionally, until the property is sold, it can generate a

Amazon responds after BIS raids uncover uncertified products at warehouses

Following raids conducted by the Bureau of Indian Standards (BIS) at warehouses of major e-commerce players, including Amazon and Flipkart, Amazon has issued a statement reaffirming its commitment to product compliance and customer safety. The raids, carried out under the supervision of the consumer affairs ministry, led to the seizure of thousands of uncertified consumer

FPIs continue sell-off; withdraw Rs 30,000 crore from equities in first fortnight in March

Foreign investors continue to pull back money from the Indian equity market withdrawing a little over Rs 30,000 crore in the first fortnight of the month amid escalation in global trade tensions. This came following an outflow of Rs 34,574 crore from equities in February and Rs 78,027 crore in January. With these, the total

Senior Citizen Fixed Deposits offering highest interest rates in March 2025 – Compare rates

Fixed deposits (FDs) have been a go-to investment choice in India for quite some time, particularly among senior citizens who prioritize financial stability and a consistent income. To meet the needs of this age group, Senior Citizen FDs provide better interest rates along with a range of other benefits. Before you jump into these investment

Mcap of five of top-10 most valued firms declines Rs 93,000 crore; Infosys, TCS hit hard

The combined market capitalisation of five of the top-10 most valued firms declined by Rs 93,357.52 crore, with IT giants Infosys and Tata Consultancy Services taking the biggest hit, in line with a weak trend in domestic equities. Last week, the BSE Sensex benchmark declined 503.67 points or 0.68 per cent, and the NSE Nifty