Export-Import Bank of India (Exim Bank), based on its internal Export Leading Index Model, forecasts India’s total merchandise exports to witness a growth rate of 10.6 percent and non-oil exports to witness a growth rate of 6 percent during the first quarter of 2018-19 viz. April-June 2018, over the corresponding quarter of the previous year.
The forecasts are based on Exim Bank’s Export Leading Index (ELI) model, which witnessed an underlying growth of 7.5% for total merchandise exports and 7.3% for non-oil exports. Forecast of growth in India’s total merchandise exports and non-oil 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 forecasts for India’s exports for the quarter July-September 2018 would be released during the first week of September 2018.Read more