Summary:

India Exim Bank projects that India’s goods exports will reach US$ 111.7 billion in Q2 FY25, reflecting a 4.2% YoY growth. Non-oil exports are expected to total US$ 89.8 billion, marking a 6.26% YoY increase. The report highlights strong economic activity driven by the industrial and services sectors, with potential boosts from global monetary easing and higher demand. However, geopolitical conflicts and supply chain disruptions may impact these estimates.

India’s goods and non-oil exports have risen for three consecutive quarters and are anticipated to continue this trend in Q2 FY25. These estimates are part of India Exim Bank’s quarterly reports, published in May, August, November, and February. The forecasts are validated by experts such as Dr. Sunil Kumar, Mr. Saikat Sinha Roy, Mr. NR Bhanumurthy, and Mr. C Veeramani using the proprietary Export Leading Index (ELI) model. The next projection for Q3 FY25 will be announced in November 2024.

Source: IBEF

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