One year since the US imposed high tariffs, India‘s cumulative textile and apparel exports in FY 26 have seen a de-growth of -2.21% over previous fiscal, while the exports in March shrunk -14.02% year-on-year, shows export data released by the Ministry of Commerce.
During fiscal FY 26, Indian textile exports registered a degrowth of -2.86% over the previous year while apparel exports registered a degrowth of -1.36% during the same time, shows an analysis of the data by done by trade body.
During March 2026, Indian textile exports registered a degrowth of -9.91% over the previous year, while apparel exports registered a significant degrowth of -18.99% during the same time period.
The cumulative export of textile and apparel in March 2026 has registered an year -on-year degrowth of -14.02%.
However, the import of raw cotton surged by about 54.99% during FY 26, as India had eased import duties for about 4 months from August 28, 2025 to December 31, 2025.
