Export-Import Bank of India (Exim Bank) forecasts India’s merchandise exports to witness a growth rate of 5.96 percent during the fourth quarter of 2017-18 viz. January-March 2018, over the corresponding quarter of the previous year. The forecast is based on Exim Bank’s Export Leading Index (ELI) model.
Based on the model (which considers 2011-12 as the base year), Exim Bank’s leading index for the country's exports (ELI) came in at 113.56 for the fourth quarter of 2017-18. Forecast of growth in India’s exports would continue to be released on a quarterly basis, during the first week of the months of June, September, December and March, for the corresponding quarters, with continuous improvisation to the model. The next growth forecast for India’s exports for April-June 2018 would be released during the first week of June 2018.Read more