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This significant decline in textiles and apparel imports is a concerning indicator of the country&#**;s economic health. Economic uncertainties and elevated inflation have led consumers to reduce their spending on discretionary items, such as clothing. Retailers, in turn, have been cautious about importing clothing due to reduced demand in retail stores.
According to the OTEXA report, textile imports stood at *,***.* MSME in June ****, a decline of **.* per cent from June ****. Apparel imports for the same month were *,***.* MSME, down by **.* per cent compared to June ****.
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