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17
December 2018
 |
EXIM
(The Total Investment & Insurance Solutions)
The Export Import Bank of India(Exim Bank)
Monday said the country's export growth will surge to 7 per cent for the
October-December quarter.
The release of the estimates, done by the
city-headquartered policy bank using in-house modelling method, comes days
after official data showed merchandise exports growthslumping to 0.8 per cent
for November on a base effect. The
Total Investment & Insurance Solutions
The Exim Bank estimate said merchandise
exports will go up to USD 82.39 billion for the third quarter of the fiscal
year, as against USD 77 billion. Non-oil exports will grow 7.20 per cent to USD
71.45 billion during the same period, as against the USD 66.65 billion in the
year-ago period. The Total Investment
& Insurance Solutions
In a statement, the bank said it has
developed an in-house model to generate an exportleading index (ELI) for India
to track and forecast the movement in exports on a quarterly basis. The ELI
modelling will keep getting updated and the findings will be released by the
bank on a regular basis, the statement added. The Total Investment & Insurance Solutions
The model and forecast have been reviewed by
a standing technical committee of domain experts, it said. The country's
exports growth slid sharply to 0.8 per cent in November from October's 17.86
per cent growth in what was attributed to base effects.
There was a double-digit contraction in
exports of gems and jewellery and engineering goods in November, which impacted
the overall growth. The Total
Investment & Insurance Solutions
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