Ministry of commerce and industry showcases extension of home textile export gaining a hike compared to 2020 in which the export of blankets and traveling rug made of cotton has increased to 44.53 percent in which the year 2020 report from Jan to Oct shows the percentage of 48.17 compared the numbers to the year 2021 Jan-Oct arose to 69.62% that is to say Indian textile market has gained popularity after the lockdown era. Whereas the report for blankets and traveling rugs made of textile materials also show an ascending line which has 14.87% growth in which the chart from the Jan-Oct 2021 covers 57.64% and the percentage from Jan-Oct 2020 estimated number is 50.18 percent. The pandemic era has expanded possibilities for more stay-to-home comfort and a healthy lifestyle which is likely to result in a vigorous production for Indian home textile exporters. Upgraded economies and subtle input costs have helped the companies report a refinement in driving verge in FY21. The export stipulation has been mainly navigated by the US, the colossal market, accounting for 60 percent of India’s home textile exports. Whereas blankets and traveling rugs made of synthetic fibers showed a hike of 49.19 percent in the report from the year 2020 is 21.59 percent from the month of Jan to Oct which rose to 32.21 percent in the year 2021 from the month of Jan to Oct. Furthermore, the estimated revenue for blankets and traveling rugs made of wool or fine animal hair has a change of 89.62 percent. In Apr-Jun 2018, the total worth of exports of Wool Blanket from India to offshore countries was US $ 340.4 Million, a surge of 259.008 percent from Apr-Jun 2017 with the export quantity of 89,767 units. The report of Jan to Oct is 3.18 percent for the year 2020, which manifested in the year 2021 is 6.03 percent from Jan to Oct. Lastly the report for blankets and Electric showed a change of 160.00 percent in which the year 2020 witnessed 0.05 % from the month Jan to Oct and for the year 2021, the profit is 0.13 percent from the month Jan to Oct.
Home Textiles
Blankets and Traveling Rugs
Published: January 5, 2022
Author: DIGITAL MEDIA EXECUTIVE
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