CII Naoroji Godrej Centre of Manufacturing Excellence




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EXPORT VOLUME OF MOST GOODS RISE IN FY16 DESPITE DIP IN VALUE

06 Jun 2016

India’s merchandise exports may have suffered for a second straight year in 2015-16 in value terms, but volumes of outbound shipments rose in most cases, suggesting the contraction in export value was driven more by a global commodity price crash than by a slowdown in overseas demand, showed a report by the directorate general of foreign trade (DGFT).

Commodities — including organic and inorganic chemicals, cotton yarn, basmati rice, base metals, dyes, paint, varnish and allied products — recorded growth in volume terms in 2015-16 (in the range of 3.8% to over 47%) even though their export value contracted from a year before

The DGFT report is based on an analysis of 168 principal commodities — excluding petroleum and bullion products — for which data are available in both value and volume terms. The value analysis in the report is in rupee terms.


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