New Delhi: India’s total merchandise exports for FY25 are expected to be $446.5 billion, 2.2% higher than 2023-24, the Export-Import Bank of India said Friday. Goods exports are expected to reach $124.8 billion in Q4 of FY25, marking a 3.64% on-year increase and the positive momentum is likely to extend into the first quarter of the next financial year, though trade policy uncertainty and geopolitical tensions pose risks.
“Positive growth in India’s exports could be as a result of strong agricultural harvest, revival in manufacturing activity and improving demand prospects in trading partners,” the bank said in a statement. Non-oil exports are forecasted at $382 billion for 2024-25, while non-oil and non-gems and jewellery exports are forecast to touch $350 billion in the full fiscal.
Content Source: economictimes.indiatimes.com