India’s merchandise exports to increase from $ 81.4 billion to $ 82 billion, with an expected growth rate of 0.6 per cent from a year ago during the second quarter of 2019-20 (July-September), while the non-oil exports to marginally decline by 0.2 per cent from $ 69.64 billion to $ 69.48 billion in this period, said Export-Import Bank of India (Exim Bank) in its forecast, as per a report.
It may be recalled that the forecasts are based on Exim Bank’s Export Leading Index (ELI). The ELI gauges the outlook for 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. It is based on several external and domestic factors that could impact exports of the country.
Moreover, it says that the 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 mode, said the report.
POSTED BY Exim News Service.