Export-Import Bank of India (Exim Bank) has forecast India’s total merchandise exports to rise to $116.7 billion, witnessing an y-o-y growth of 12.3 per cent, and non-oil exports $93.9 billion, 10.7 per cent growth, the first quarter (April-June) of this fiscal.

These positive growth rates are expected to be in continuation of the positive growth witnessed during the last two quarters of 2023-24. 

Exim Bank's report underscored that an anticipated global easing of monetary tightening is expected to enhance global demand, which would provide further support to India's export growth.