The report published by India’s Export-Import Bank expects the Country’s Goods Exports to grow by 4.2 per cent to 111.7 Billion in the July-September Quarter of the Current Financial Year aided by strong manufacturing growth and higher demand in foreign markets.

The report further states that non-oil exports marked a 6.26 per cent growth during the quarter compared to the same period last year.

According to the report that brought the projections based on its Export Leading Index Model, reveals that merchandise and non-oil exports have shown positive growth for three quarters in a row and the trend is expected to continue into the second quarter of 2024-25.

However, the report cautioned of the downside risk due to geopolitical tensions spreading from the West Asia crisis and economic uncertainty in the advanced economies.