Breaking News :

India's merchandise exports to grow at 12.3 pc in Q2: Exim Bank

9/12/2018

New Delhi, India's merchandise exports would grow at a rate of 12.3 per cent during July-September 2018, compared to the corresponding period of the previous year, the Exim Bank forecast on Wednesday. The non-oil exports of the country would increase at 12.4 per cent during the second quarter of the current financial year, the Export-Import Bank of India said here. The bank said its Export Leading Index (ELI) are continued to show a positive growth momentum, which indicates that India's total merchandise exports and non-oil exports would increase. The Exim Bank has developed an in-house model to generate an ELI for India to track and forecast the movement in its exports on a quarterly basis. 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, based on several external and domestic factors that could impact exports of the country.

Opinions expressed in the comments are not reflective of Central Chronicle. Comments are moderated automatically.