After experiencing negative growth for more than six months, textile and apparel exports became positive last month.
August of this year saw exports at $2,951.9 million, an increase of 4.33% from August of last year ($2829.3 million in August 2022). Exports of garments decreased 8.15% while those of textiles grew 13.98%. Data provided by the Confederation of Indian Textile Industry reveals that cumulative textile and apparel exports for the months of April through August were, nevertheless, 10.51% lower than they were during the same time last year.
Exports were $2,951.9 million in August of this year, up 4.33% from August of last year ($2829.3 million in August 2022). While exports of textiles increased by 13.98%, exports of clothing fell by 8.15%. However, the total amount of textile and apparel exports from April through August was 10.51% lower than it was at the same period previous year, according to data published by the Confederation of Indian Textile Industry.
Home textiles are in high demand, according to Siddhartha Rajagopal, executive director of Cotton Textiles Export Promotion Council. “Made ups are driving the growth in cotton textiles,” he claimed. Typically, the months of September through March are when demand and exports increase. In December and January of this fiscal year, the demand for clothing is anticipated to increase. “Things are not looking good. However, the growth will continue. The availability of fibre must be our main concern, he said.
