India’s trade with Maldives in textiles
Historically, India has been the second-largest trading partner in textiles for Maldives, next only to China. India holds a share of ** per cent in Maldives**;s total textile imports. Over the years, along with an increase in the exports of minerals, machinery, base metals, and ceramic goods—which are the largest exports of India—textile exports to Maldives have also seen a drastic increase. According to an Invest India report on the India-Maldives bilateral trade, in the year ****-****, textile exports from India saw a jump of approximately ** per cent. Thus, the huge jump in exports within a year makes the sector significant, in addition to the aforementioned categories.
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!