ENA Sectors 2026-05-13 16:28:53 <p><span style="font-size:14px"><strong>New Delhi, May 13 (KNN)</strong> Export-Import Bank of India has projected Indias total merchandise exports to reach USD111.9 billion in the first quarter (April-June) of FY2026-27, reflecting a marginal year-on-year growth of 0.3 percent, amid continued global economic uncertainty and geopolitical disruptions.</span></p> <p><span style="font-size:14px"><strong>Non-Oil Exports Expected To Drive Growth </strong></span></p> <p><span style="font-size:14px">According to the banks latest forecast, non-oil exports are expected to rise to USD97.8 billion, registering a stronger growth of 3.5 percent during the quarter. Meanwhile, non-oil and non-gems and jewellery exports are estimated at USD90.4 billion, marking a 2.9 percent year-on-year increase.</span></p> <p><span style="font-size:14px">Exim Bank said the projected growth in non-oil exports is likely to be supported by increasing geographical diversification of Indias export basket, along with timely policy interventions such as targeted emergency credit support for exporters. </span></p> <p><span style="font-size:14px">It also noted that favourable outcomes fr0m recently concluded trade negotiations with select countries could help sustain momentum in non-oil export segments.</span></p> <p><span style="font-size:14px">The bank added that Indias export outlook may also benefit fr0m an anticipated recovery in global demand and favourable exchange rate movements. </span></p> <p><span style="font-size:14px"><strong>Global Risks Continue To Cloud Export Outlook</strong></span></p> <p><span style="font-size:14px">However, it cautioned that persistent risks remain due to global economic uncertainty, ongoing geopolitical conflicts and volatility in international commodity prices.</span></p> <p><span style="font-size:14px">The export projections are released by Export-Import Bank of India every quarter through its in-house Export Leading Index (ELI) model, which tracks and forecasts Indias export performance based on multiple domestic and international indicators.</span></p> <p><span style="font-size:14px">Exim Bank said the model and forecast methodology were reviewed by a technical committee comprising experts fr0m the Reserve Bank of India, Jadavpur University, Madras School of Economics and Centre for Development Studies.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 46104 https://knnindia.co.in/news/newsdetails/sectors/indias-merchandise-exports-seen-at-usd-1119-billion-in-q1-exim-bank 2026-05-13 16:28:53 knnindia.co.in