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Date: 14/11/2024

Merchandise exports projected to grow 1.85 pc in Oct.-Dec.

India’s merchandise exports will grow by 1.85% to a value of USD 107.5 billion in the October-December period of 2024-25, the Export-Import Bank of India has said. Non-oil exports will grow 7.39% to USD 91.7 billion. Non-oil and non-gems and jewellery exports are forecast to amount to USD 82.7 billion, which will be a growth of 7.8% over the last year. 
 
Positive growth in exports could be a result of India’s continued strong economic activity backed by sustained momentum in the manufacturing and services sectors, improving demand prospects in trading partners, supported by expected global monetary easing.  However, there are risks which make any outcome uncertain, including doubtful prospects in select advanced and emerging economies, geo-economic fragmentation, the Middle East and West Asia crisis, risk of intensification of protectionist policies, and global supply chain disruptions, said a report. 
 
source: Exim News Service: Mumbai, Nov. 13



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