Merchandise exports for Q4 may total $78.6 billion: Exim Bank
ANI |
Updated: Mar 15, 2021 16:49 IST
Mumbai (Maharashtra) [India], March 15 (ANI): Export-Import Bank of India (India Exim Bank) forecasts India's total merchandise exports to amount to 78.6 billion dollars during the fourth quarter of 2020-21, growing at 4.9 per cent year-on-year.
Non-oil exports are likely to total up to 73.9 billion dollars in Q4, growing at 12 per cent from 65.9 billion dollars in the year-ago period.
Consequently, aggregate exports for 2020-21 are forecast to amount to 279.4 billion dollars, witnessing a contraction of 10.8 per cent over 2019-20.
Non-oil exports are forecast to amount to 256.8 billion dollars, witnessing a contraction of 5.6 per cent over 2019-20.