Total textile and apparel exports from India increased by seven per cent to Rs. 1,600.10 bn in April to November 2018, compared to exports of Rs. 1492.54 bn in the corresponding period of last fiscal, according to data compiled by the Union Ministry of Textiles. In dollar terms, however, exports remained flat at $23.18 bn on during the same period.
India’s textile and garment exports growth moderated in November 2018, after a sharp 38 per cent jump in October, due to a sharp volatility in the rupee-dollar exchange rate. During the month, textile and clothing exports earned Rs. 189.65 bn, as against Rs. 167.07 bn fetched in the corresponding month of 2017, as per data compiled by the Union Ministry of textiles. In dollar terms, exports were $2.64 bn, an increase of 2 per cent over $2.57 bn in same month last year.
Segment-wise, textile exports rose 9 per cent to Rs. 108.53 bn in November 2018, compared to Rs. 99.87 bn in the corresponding month of the last year. While apparel exports jumped by 21 per cent to Rs. 81.12 bn in November 2018 from Rs. 67.20 bn in November 2017. In fiscal 2017-18, India’s textile and clothing exports totaled $35.666 bn with garments accounting for $16.705 bn, cotton textiles $11.190 bn, and man-made textiles $5.388 bn.