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The Export Import Bank of India has said that India's merchandise exports are likely to grow 1.85 per cent to $107.5 billion in the October-December period of 2024. The non-oil exports will grow 7.39 per cent to $91.7 billion. Non-oil and non-gems and jewellery exports are forecast to amount $82.7 billion, which will be a growth of 7.8 per cent over the last year. It said positive growth in India's exports could be as a result of India's continued strong economic activity backe...
India`s merchandise exports to grow 1.85% in Oct-Dec 2024: Exim Bank
Reiterating the $1 trillion merchandise and $1 trillion services export target for 2030, Union Commerce Minister Piyush Goyal said on Wednesday that the target can be achieved with the new ‘Trade Connect e-Platform.’ The platform is a single window initiative that is fast, accessible and transformational as it will enable exporters to add newer markets. “The e-Platform will enable India increase its global market share and aid small businesses. It can also help s...
Trade Connect e-Platform to help achieve $1 trillion merchandise export target: Union Commerce Minister
India’s Export-Import Bank expects the country's goods exports to rise by 4.2 per cent to $111.7 billion in the July-Sept quarter of the current financial year on the back of strong manufacturing growth and higher demand in foreign markets. The report sees non-oil exports clocking a 6.26 per cent growth at $ 89.8 billion during the quarter compared to the same period last year. The projections are based on the EXI<Bank’s Export Leading Index (ELI) model. Apa...
EXIM Bank sees India’s goods export surging to $111.7 billion in Q2
The Indian economy closed the financial year 2023-24 strongly despite strong external headwinds, and early indications suggest that the growth momentum will continue during the current April-June quarter of 2024-25, according to a Finance Ministry report released on Friday. "The emerging robust trends in key high-frequency indicators of growth like GST collections, e-way bills, electronic toll collections, sale of vehicles, purchasing managers’ indices, and the value and n...
India`s growth momentum to continue in April-March quarter of 2024-25: Finance Ministry
India’s merchandise exports for the fourth quarter of FY24 will be about $118.2 billion, logging a year-on-year (YoY) growth of 2.96 per cent, the Export-Import Bank of India (India Exim Bank) forecasts. According to the India Exim Bank, the non-oil exports are forecast to amount to $95 billion witnessing an yoy growth of 4.55 per cent, during Q4 (January-March) of FY2024. These positive growth rates are expected to be witnessed against the backdrop of negative growth seen during ...
India`s merchandise exports in Q4 will be $118.2 bn: Export Import Bank of India
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