Home / Economy / News / Exim Bank pegs exports to grow around 8% in Dec after two months of decline

Exim Bank pegs exports to grow around 8% in Dec after two months of decline

For Q3 as a whole, it sees outbound shipment declining by 1.77%

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Exports fell sharper at 8.7 per cent in November than 5.1 per cent in October, as major overseas markets continued to witness muted demand due to Covid-induced lockdowns.

Indivjal Dhasmana New Delhi

3 min read Last Updated : Dec 19 2020 | 6:42 PM IST

Exim Bank has projected exports to grow by 7.75 per cent in December after two months of continuous decline.

It pegged exports to stand at $29.19 billion in December this year against $27.09 billion in the same month last year.

For the third quarter of the current financial year as a whole, Exim Bank forecast the outbound shipment to decline 1.77 per cent at $77.6 billion from $79 billion a year ago.

It attributed this contraction to the steepest and continued fall in oil exports witnessed since March, 2020.

Basically, Exim Bank made projections for the third quarter on the

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