Mumbai - Export-Import Bank of India forecasts India’s total merchandise exports to amount to US$ 111.7 bn, while non-oil exports are forecast to amount to US$ 86.6 bn during Q1 (April-June) of FY2024.  India’s exports could be shadowed by continued slowdown in select major trade partners including advanced economies, global financial sector stress, high inflationary pressures leading to tighter global monetary and financial conditions, and continued uncertainty around the Russia Ukraine conflict.  

India’s total merchandise exports have however, consistently remained above US$ 100 bn for seven consecutive quarters since Q2 FY2022, reflecting resilience amidst a challenging global economic situation, plagued by supply chain disruptions and geo-political tensions.