India’s textile exports increased 14% year-on-year from April to December 2021

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Between April and December 2021, total textiles and apparel, including handicraft exports, was $ 29.8 billion, compared to $ 21.2 billion in the year-ago quarter. This means a strong growth of about 41% compared to last year. Compared to April-December 2019, textile exports from April-December 2021 increased by 14.6%.

From April to December 2021, textile products showed a 31% increase, cotton yarn / fabric / cosmetics, hand-woven products, etc. showed a 43% increase, and jute products showed a 33% increase. December 2019.

The government has set a $ 44 billion target for textiles and apparel, including handicrafts, and about 68 percent of the annual target has already been achieved. The last quarter of the fiscal year is always more active than the previous quarter. Therefore, the industry expects the goals to be properly achieved.

Between April and December 2021, total textiles and apparel, including handicraft exports, was $ 29.8 billion, compared to $ 21.2 billion in the year-ago quarter. This means a strong growth of about 41% compared to last year. Compared to April-December 2019, textile exports from April-December 2021 increased by 14.6%.

The textile sector continues to maintain a trade surplus and exports are more diverse than imports. In 2020-21, textile exports slowed as the pandemic disrupted supply chains and demand. However, the Ministry of Textiles said in a press release that there are signs of recovery from 2021 to 22.

Fiber2Fashion News Desk (KD)

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India’s textile exports increased 14% year-on-year from April to December 2021

Source link India’s textile exports increased 14% year-on-year from April to December 2021

The post India’s textile exports increased 14% year-on-year from April to December 2021 appeared first on Eminetra.

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