Indian exports of textiles and apparel rose marginally by 0.89 percent to US $2.77 billion in April 2024 as against $2.75 billion in the same month of the previous year Of this, textile exports stood at $1.57 billion, up 2.4 percent year on year, while garment exports were down by 1.03 percent
Export volumes of Indian cotton yarn amounted to 100,600 tons in February 2024, an increase of 29.74 percent over February 2023 and 22.38 percent over January 2024. In terms of the market share of Indian cotton yarn exports in February, Bangladesh was the top destination with a 36 percent share, followed by China with around […]
“The government will focus attention on boosting India’s textile and garment exports, which fell in the previous two fiscals,” Textiles Secretary Rachna Shah said. In fiscal ending March 2024, India’s exports of textiles and clothing dropped 3.24 percent year over year to US $34.4 billion. As against this, overseas shipments of textiles and apparel amounted […]
In fiscal 2023-24, which ends in March 2024, cumulative exports of textiles and apparel from India fell 3.24 percent to $34.43 billion versus $35.58 billion in fiscal 2022-23 Between April 2023 and March 2024, Indian textiles exports registered a year over year growth of 2.62 percent and reached $19.89 billion. However, clothing exports slipped in […]
India’s textile and apparel exports dropped 7.38 percent to US $40.76 billion in the eleven months of fiscal 2023-24 from $44.01 billion in the same period of earlier fiscal. Exports of textiles totaled $30.96 billion in the period between April and February 2024, down 4.2 percent compared to $32.33 billion in the comparable months of […]
Indian exports of textiles and apparels in February 2024 recorded a growth of 12.49 percent over the same month of earlier year. “Of overall exports in February, textile exports rose 19.54 percent, while garment exports grew at 4.88 percent, both over February 2023,” data from Confederation of Indian Textile Industry (CITI) showed. Overseas shipments of […]
Players operating in sectors like textiles, chemicals and capital goods may not be immediately impacted because of better ability to pass on higher costs, or because of a weaker trade cycle. “But a prolonged crisis over the next few quarters can make these sectors also vulnerable as working capital cycles would get stretched with orders […]
The Indian Commerce Ministry is monitoring developments on the situation at the Red Sea, amid textile and garment exporters holding back their shipments owing to fears about higher freight costs. The cost of freight and insurance has risen due to ships being compelled to avoid the region and take a longer route around the Cape […]
India’s exports from labour-intensive sectors such as textiles, garments, gems and jewellery, and leather have been sluggish despite free trade agreements (FTAs). “The rise of efficient suppliers in China, Vietnam, and Bangladesh has contributed to a decline in India’s market share in global trade,” a recent Global Trade Research Initiative (GTRI) report reveals. The
India’s exports of textile and garments in October this year posted a growth of 10.44 percent over the same month of previous year. According to data of Confederation of Indian Textile Industry (CITI), shipments of textiles in October 2023 rose massively by 24.29 percent over October 2022, while apparel exports fell 8.08 percent. Cumulative exports […]