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Exim Bank expects merchandise, non-oil exports to grow over 12% in Q2 FY'19

Merchandise exports during September quarter 2017-18 stood at $74.21 billion and non-oil exports stood at $65.17 billion

Press Trust of India  |  New Delhi 

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(Exim Bank) expects India's as well as to grow over 12 per cent in the second quarter of the ongoing financial year.

While the are likely to grow 12.3 per cent in September quarter, may witness 12.4 per cent growth during the period, said in a statement.

during September quarter 2017-18 stood at $74.21 billion and stood at $65.17 billion.

The forecast is based on Exim Bank's (ELI), which continued to show a positive growth momentum.

The next growth forecast for October-December would be released during the first week of December 2018.

ELI gauges the outlook for exports and is essentially developed as a leading indicator to forecast growth in total merchandise and non-oil exports of the country, on a quarterly basis, said.

First Published: Thu, September 13 2018. 15:10 IST