Mumbai, Feb. 14 -- The Export-Import Bank of India (India Exim Bank) has projected India's total merchandise exports for the fourth quarter (January-March) of the Financial Year (FY) 2025 to reach USD 124.8 billion, reflecting a year-on-year growth of 3.64 per cent.

India Exim Bank further forecasted that non-oil exports are expected to rise significantly, totalling USD 109.3 billion with a robust 11.34 per cent growth.

Meanwhile, non-oil and non-gems and jewellery exports are forecast to reach USD 98.5 billion, marking a 10.1 per cent year-on-year increase, the India Exim Bank said in a release.

The Exim Bank further added that the positive growth in India's exports could be a result of a strong agricultural harvest, a revival in manu...