Apparel, Fashion & Retail | News & Insights

India’s Garment Exports Shine Bright Amidst Global Headwinds

Published: November 1, 2024
Author: TANVI_MUNJAL

India’s textile industry continues to impress, with garment exports surging 8.5% to USD 7.5 billion during the April-September period of the current fiscal year. This robust growth comes despite a challenging global economic landscape marked by uncertainties and inflationary pressures.

September alone witnessed a remarkable 17.3% increase in ready-made garment exports, reaching USD 1.11 billion.

Industry Leaders Optimistic

Sudhir Sekhri, Chairman of the Apparel Export Promotion Council (AEPC), expressed optimism about the sector’s performance. He highlighted India’s unique advantages, including low import dependence, a comprehensive textile ecosystem, and a vast pool of skilled labour. These factors position India as a prime destination for global apparel sourcing.

Sekhri further emphasised the council’s commitment to expanding India’s global footprint. This year, exporters will participate in numerous international trade fairs, including the prestigious Bharat Tex in 2025. Additionally, international roadshows in Spain and New York are scheduled for this month to showcase India’s best in trade, technology, and tradition.

Mithileshwar Thakur, Secretary General of AEPC, echoed Sekhri’s sentiments, noting India’s impressive double-digit growth in ready-made garment exports in recent months. He attributed this success to the country’s ability to harness untapped potential and navigate geopolitical challenges and supply chain disruptions.

Key Export Markets

The United States, United Kingdom, Germany, Spain, and the Netherlands remain the primary markets for Indian garment exports. As the global textile industry evolves, India’s strong performance and strategic initiatives position it as a leading player in the global apparel market.

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