Goods Exports To Grow 28% In Dec Qrtr: EXIM Bank
In the September quarter, merchandise exports grew by 21.2% to $130.57 billion and in the June quarter by 15.9% to $129 billion. Compared to the past two quarters, the growth is likely to be higher in the December quarter
Chennai: Merchandise exports in the December quarter are likely to grow by 28.7% to $141.8 billion, finds EXIM bank.
Exim Bank’s forecasts show total merchandise exports at $ 141.8 billion, while non-oil exports at $120.3 billion, growing by 21.9% during Q3 FY27.
Non-oil and non-gems and jewellery exports are projected at $106.4 bn, with an y-o-y growth of 16.2% during the same quarter.
In the September quarter, merchandise exports grew by 21.2% to $130.57 billion and in the June quarter by 15.9% to $129 billion. Compared to the past two quarters, the growth is likely to be higher in the December quarter.
Higher food, metal and mineral prices have been pushing export growth in the previous quarters. The war-induced inflation will continue to boost export revenues going ahead as well.
As per the data of World Bank, food prices were 12.6% up in September quarter and base metals were up by 35%. It estimates that commodity prices are set to rise 23% in 2026 as global shocks mount. Of this, energy prices may move up 32% and food prices by 10% in 2026.
“Amidst global uncertainties and supply chain realignments, growth in India’s exports is expected to be supported by continued market and product diversification, opportunities arising from effective utilisation of recent trade agreements with key trading partners, and continued demand in major export destinations,” EXIM Bank said.
India’s positive export outlook is also likely to be supported by an improving global and domestic growth outlook, strong investment activity, and exchange rate movements, it added. However, downside risks remain from tighter global monetary policy, and evolving trade regulations.
