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Exim Bank estimates India’s merchandise exports at $117.2 bn

Published on June 14, 2022
Current Context: As per the report of India Exim Bank country's total merchandise exports are likely to be at USD 117.2 billion in the first quarter of FY23.
Exim Bank estimates India’s merchandise exports at $117.2 bn
  • It is observed that Non-oil exports continue to witness a double-digit growth of 12.6% amounting to USD 93 billion, 2022-23, compared to USD 82.6 billion in the year-ago period.
  • As per the Exim bank, it has observed that continued increase in global commodity prices, enhanced price competitiveness owing to exchange rate movements, and benefits from possible trade diversion, are the main factors behind it.
  • Apart from that, the growth forecast may also be subject to commodity price volatility and uncertainties in the global economy.
  • As of now the total merchandise exports stood at USD 95.5 billion in the corresponding quarter of the previous year.

Question:

Q.1 According to Exim bank total merchandise exports are likely to be at ________ in the first quarter of FY23.
a. $120.1 bn
b. $ 117.2 bn
c. $82.6 bn
d. $90.1 bn
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