Even as it observes a downturn in demand for textiles, jewellery, technical items, and chemicals from the US and the EU, the Indian industry is optimistic about exports in FY24.
In FY24, exporters anticipate growth of 11–13%. Exporters of cotton-based textiles and clothing anticipate 8–10% annual increase in FY24. India’s exports totaled $450 billion in FY23.
