Textiles Exports

Textiles Exports

News: India scaled its highest ever exports tally at US$ 44.4 Bn in Textiles and Apparel (T&A) including Handicrafts in FY 2021-22, indicating a substantial increase of 41% and 26% over corresponding figures in FY 2020-21 and FY 2019-20, respectively.

About:
• USA was the top export destination accounting for 27% share, followed by EU (18%), Bangladesh (12%) and UAE (6%).
• In terms of product categories, the export of cotton Textiles was US$ 17.2 Bn with 39% share registering a growth of 54% and 67% during 2021-22 over FY 2020-21 and FY 2019-20, respectively.
• Export of Ready-Made Garments was US$ 16 Bn with 36% share showing a growth of 31% and 3% during 2021-22 over FY 2020-21 and FY 2019-20, respectively.
• Man-made textiles export was US$ 6.3 Bn with 14% share which shows a growth of 51% and 18% during 2021-22 over FY 2020-21 and FY 2019-20, respectively.
• Export of Handicrafts was US$ 2.1 Bn with 5% share reporting a growth of 22% and 16% during 2021-22 over FY 2020-21 and FY 2019-20 respectively.