New Delhi: Exim Bank has projected a marginal growth in the country’s merchandise exports to USD 82 billion in the July-September quarter mainly due to a fall in non-oil exports.
Non-oil exports are expected to edge down by 0.2 per cent to USD 69.48 billion in July-September 2019 from USD 69.64 billion in the year-ago period.
Merchandise exports stood at USD 81.4 billion during the second quarter of 2018-19, the Export-Import Bank of India said.
The forecast is based on Exim Bank’s Export Leading Index (ELI).
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 on a quarterly basis.