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

Stock Market Live Updates: Sensex, Nifty set to open higher on positive cues

Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Early trends from Gift Nifty indicates a positive start for the markets today. Asian markets are also trading higher, with key indices in Japan and South Korea opening on a positive note. Meanwhile, Indian stock markets have reopened after a long weekend and the

How will markets open today? Fed meeting, Trump tariffs & 7 more cues to watch

After a long weekend on account of Holi, the Indian stock markets are set to resume trading today, March 17. But will the break bring fresh momentum, or will investors return to a cautious start? Early trends from Gift Nifty indicate a positive opening. From Wall Street’s performance to key economic announcements, several factors will

Stocks To Watch: From IndusInd Bank to Infosys- Here’s a list of 11 stocks in news today

After an extended break due to the Holi holiday and the weekend, the stock market is set to resume trading with plenty of action on the horizon today, March 17. With three days of global market movements, company updates, and economic cues piling up, investors will have a lot to factor in as the trading

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Stock Market Live Updates: Sensex, Nifty set to open higher on positive cues

Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Early trends from Gift Nifty indicates a positive start for the markets today. Asian markets are also trading higher, with key indices in Japan and South Korea opening on a positive note. Meanwhile, Indian stock markets have reopened after a long weekend and the

How will markets open today? Fed meeting, Trump tariffs & 7 more cues to watch

After a long weekend on account of Holi, the Indian stock markets are set to resume trading today, March 17. But will the break bring fresh momentum, or will investors return to a cautious start? Early trends from Gift Nifty indicate a positive opening. From Wall Street’s performance to key economic announcements, several factors will

Stocks To Watch: From IndusInd Bank to Infosys- Here’s a list of 11 stocks in news today

After an extended break due to the Holi holiday and the weekend, the stock market is set to resume trading with plenty of action on the horizon today, March 17. With three days of global market movements, company updates, and economic cues piling up, investors will have a lot to factor in as the trading

Market Outlook: Nifty at inflection point; defence stocks headed higher?

By Anand James One point at the start of last week was how strong an offensive could the bears launch. At that point, we were just coming off a sub 25 RSI level, which had historically favoured a bounce back. But such moves also held a strong chance of fizzling out quickly. This is why

Rapido plans to undercut Swiggy, Zomato duopoly

Ride-hailing platform Rapido is in advanced talks with restaurants and industry associations across four major metro cities to challenge the dominance of Swiggy and Zomato, which together command an estimated 95% market share. The move comes at a time when restaurants have been voicing growing concerns over high commission rates and potential conflicts of interest following