'India's merchandise exports expected to grow at 4.9%' India’s merchandise export is expected to grow at 4.9 per cent in Q4FY21, predicted Export-Import Bank of India in a report. Accordingly, the report cited that total merchandise exports can amount to $78.6 billion, growing at 4.9 per cent. | 15 March 2021 6:23 AM GMT NEW DELHI: India's merchandise export is expected to grow at 4.9 per cent in Q4FY21, predicted Export-Import Bank of India in a report. Accordingly, the report cited that total merchandise exports can amount to $78.6 billion, growing at 4.9 per cent. Similarly, the non-oil exports are expected to grow. They might reach $73.9 billion, growing at 12 per cent during the fourth quarter of 2020-21. However, aggregate exports for 2020-21 are forecast to amount to $279.4 billion, witnessing a contraction of 10.8 per cent over 2019-20. Besides, non-oil exports are forecast to amount to $256.8 billion, witnessing a contraction of 5.6 per cent over 2019-20.