SYNOPSIS
In the third quarter of FY25, India's merchandise exports are expected to exceed $107.5 billion, with a significant rise in non-oil exports. Strong economic activity and increased demand from foreign trading partners are driving this expansion. Exim Bank predicts that the growing trend will continue into the last quarter of the fiscal year. However, this optimistic view could be jeopardised by geopolitical problems and global economic difficulties.
India's merchandise exports are expected to exceed $107.5 billion in the third quarter of FY25, up 1.85% year over year, according to India Exim Bank. Improved demand from trading partners and home economic momentum, bolstered by possible global monetary easing policies, are credited with this development. Non-oil exports are expected to exceed $91.7 billion, up 7.39% over the previous year. Furthermore, it is anticipated that exports, excluding the non-oil and gems and jewellery sectors, will reach $82.7 billion, representing a 7.8% growth rate.
Exim Bank anticipates that the growth in non-oil & non-gems and jewellery exports, as well as in total merchandise exports, will continue until the last quarter of the fiscal year. It did, however, caution that the ongoing crises in the Middle East and West Asia, the possible expansion of protectionist policies, and disruptions to global supply chains pose threats to this optimistic picture.
India exported $213.22 billion worth of goods in the first half of 2024–2025, a 1.02% rise from the previous year.
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