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Export growth in Jan-Mar seen at 5.96 pc: Exim Bank

Press Trust of India  |  New Delhi 

The today said India's merchandise exports are expected to grow 5.96 per cent during the fourth quarter ended March 31, 2018.

The forecast, it said, is based on bank's Export Leading Index (ELI) model.

has developed an in-house model to generate ELI for to track and forecast the movement in India's exports on a quarterly basis.

"Based on the model, Bank's leading index for the country's exports (ELI) came in at 113.56 for the fourth quarter of 2017-18," it said in a release.

As part of its initiative, of (Exim Bank) will forecast the growth in India's exports on a quarterly basis.

The release said the bank would release such forecast report in the coming quarters beginning with the first week of the months of June, September, December and March, for the corresponding quarters, with continuous improvisation to the model.

"The next growth forecast for India's exports for April-June 2018 would be released during the first week of June 2018," Exim Bank said.

The trade data for March is expected to released in the coming days.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 17:45 IST