Mumbai, Aug. 12 -- India Exim Bank forecasts India's total merchandise exports at $131.2 bn, or a 17.6% Y-o-Y growth and while non-oil exports to rise 20.3% to $113.8 bn in the Q2 of FY2027. Non-oil and non-gems and jewellery exports are projected at $105.8 bn, with a Y-o-Y growth of 20.5% during the same quarter.
Despite global uncertainties, the growth in exports could be as a result of increasing geographical diversification along with favourable prospects arising from recent trade agreements with major trading partners, supported by buoyant demand in partner countries.
India's positive export outlook is expected to be driven by sustained expansion in domestic manufacturing and exchange rate movements. However, there are downside risks...