The $45 bn target for 2017-18 is likely to be missed by Indian textile and garment exporters as the industry reels under the impact of the rollout of the goods and services tax (GST) and the tariff advantages enjoyed by rivals like Vietnam and Bangladesh, according to the Confederation of Indian Textile Industry (CITI). Terming the fiscal ‘disappointing’, CITI President Sanjay Jain told that $40 bn is the closest that can be achieved. The country’s textile and apparel exports stood at $37.25 bn in the calendar year 2017.

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