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%

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