'India's merchandise exports expected to grow at 4.9% in Q4FY21' By IANS | Published on Sun, Mar 14 2021 16:21 IST | 3 Views Economy.. Image Source: IANS News New Delhi, March 14 : 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.