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India's textile & apparel exports dip 3.24% in FY24, up 6.91% in March

16 Apr '24
2 min read
India's textile & apparel exports dip 3.24% in FY24, up 6.91% in March
India's textile & apparel exports dip 3.24% in FY24, up 6.91% in March

Insights

  • India's textile and apparel exports fell by ***.*4 per cent to $**.*** billion in FY24, unable to withstand the global economic slowdown.
  • Textiles and apparel accounted for ***.*8 per cent of India's total merchandise exports, a decrease from the previous year's ***.*6 per cent.
  • While textile exports saw a marginal increase, apparel exports dropped significantly.

An analysis of the latest trade data revealed that the share of textiles and apparel was *.** per cent in the corresponding period of the previous year.

The Ministry of Commerce and Trade&#**;s latest trade figures showed that T&A exports were $**.*** billion from April **** to March ****. Textile exports increased marginally by *.** per cent to $**.*** billion from April **** to March ****, up from $**.*** billion in the same period of the last fiscal. Cotton yarn, fabrics, made-ups, and handloom products saw a *.** per cent increase to $**.*** billion in the last fiscal. However, the shipment of man-made yarn, fabrics, and made-ups declined by *.** per cent to $*.*** billion, and carpet exports increased by *.** per cent to $*.*** billion in the period.

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