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India's textile & apparel exports decline 8.8% to $16.7 bn in H1 2023

17 Oct '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • During the first half (H1) of fiscal 2023-24, India's textile and apparel exports decreased by *.*% to $**********.* million, down from $**********.* million in the same period the previous year.
  • Textile exports fell by *.*% to $********.* million, while apparel exports saw a steeper decline of *.*% to $********.* million.

According to an analysis by confederation of Indian Textile Industry (CITI) based on trade date from the ministry of commerce and industry, textile exports slipped *.** per cent to $*,***.** million in April-September **** from $**,***.** million of the same period of last fiscal. Apparel shipment noted a steeper fall of **.** per cent to $*,***.** million from $*,***.** million. 

Total shipment of textile and apparel was *.** per cent of India’s total merchandise exports of $***.*** billion in April-September ****. Out of textile, the shipment of cotton yarn, fabric, made-ups, handloom products etc valued at $*,***.** million which was *.** per cent higher than last year’s shipment of $*,***.** million. The exports of man-made yarn, fabric, made ups etc fell *.** per cent to $*,***.** million from $*,***.** million of April-September ****

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