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India's textile & apparel exports drop 15.26% to $8.4 bn in Apr-Jun

17 Jul '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • India's textile and apparel exports saw a significant decline in Q1 of FY 2023-24, falling **.*% to $****.** million.
  • Data shows decreases across various categories, including cotton yarn, fabric, made-ups, and handloom products.
  • Raw cotton and waste imports also dropped. India's overall exports have also decreased during this period.

According to the data released by the ministry of commerce and industry, during the first quarter of the current fiscal, the export of cotton yarn, fabric, made-ups, and handloom products decreased by **.** per cent to $*,***.** million, compared to the $*,***.** million in the previous period. Exports of man-made yarn, fabric, and made-ups dropped **.** per cent to $*,***.** million from $*,***.** million. The total textile exports declined by **.** per cent to $*,***.** million from $*,***.** million during the same period last year. 

The apparel exports fell by **.** per cent to $*,***.** million in April-June **** compared to $*,***.** million during the same period the previous year. In June **** alone, apparel exports fell **.** per cent to $*,***.** million from $*,***.** million. 

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