India’s raw cotton exports are projected to decline significantly in MY 2024/25, falling by 55% to 1.2 million 480-lb bales, according to FAS Mumbai’s October 2024 report. Domestic lint prices, trading 4% higher than global rates, have made Indian cotton less competitive internationally.
The latest quick estimates released by the Ministry of Commerce & Industry reveal a promising outlook for India’s textile and apparel sectors, showcasing steady growth during the first quarter of 2024 In June 2024, exports of cotton yarn, fabrics, made-ups, and handloom products saw a modest increase of 0.92% compared to June 2023, reaching US$ […]
India’s textiles and apparel sector has shown promising growth, with exports rising by 4.08% to US$ 8.785 billion in April-June 2024. This performance comes amid a shifting global market, where India’s strategic positioning and competitive advantages are becoming more evident. Textile exports saw a 3.99% increase in the first quarter of fiscal 2024-25, while