New Delhi, May 13 -- Export-Import Bank of India has projected Indias total merchandise exports to reach USD111.9 billion in the first quarter (April-June) of FY2026-27, reflecting a marginal year-on-year growth of 0.3 percent, amid continued global economic uncertainty and geopolitical disruptions.
Non-Oil Exports Expected To Drive Growth
According to the banks latest forecast, non-oil exports are expected to rise to USD97.8 billion, registering a stronger growth of 3.5 percent during the quarter. Meanwhile, non-oil and non-gems and jewellery exports are estimated at USD90.4 billion, marking a 2.9 percent year-on-year increase.
Exim Bank said the projected growth in non-oil exports is likely to be supported by increasing geographica...