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Exim Bank forecasts India s Q3 Non-Oil exports to hit $ 68.3bn
By IANS |
Published on
Thu, Dec 17 2020 13:36 IST |
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Petrol. (File Photo: IANS). Image Source: IANS News
New Delhi, Dec 17 : Export-Import Bank of India (India Exim Bank) forecasts India s Non-Oil exports for the third quarter of FY2021 to amount to $ 68.3 billion, witnessing a marginal positive growth of 0.3 per cent over the corresponding quarter of the previous year, after three consecutive quarters of contraction.
On the other hand, total merchandise exports are forecast to continue to witness a moderation to $ 77.6 billion in the third quarter of 2020-21, as compared to $ 79 billion in the corresponding quarter of the previous year, on the back of one of the steepest and continued contractions in India s oil exports, witnessed since March 2020.
Export-Import Bank of India (India Exim Bank) forecasts India s Non-Oil
exports for the third quarter of FY2021 to amount to $ 68.3 billion,
witnessing a marginal positive growth of 0.3 per cent over the
corresponding quarter of the previous year, after three consecutive
quarters of contraction.
On the other hand, total merchandise
exports are forecast to continue to witness a moderation to $ 77.6
billion in the third quarter of 2020-21, as compared to $ 79 billion in
the corresponding quarter of the previous year, on the back of one of
the steepest and continued contractions in India s oil exports,
witnessed since March 2020.
The forecasts are based on India Exim Bank s Export Leading Index (ELI) Model.