Indian Textiles Exports Record 11% Growth but Apparel Exports Contract by 11%

New Delhi, Oct 16 (KNN) During September 2023, Indian Textiles Exports registered a growth of 11.06% over the previous year while Apparel Exports registered de-growth of -11.23% during the same time period, as per a report by Confederation of Indian Textile Industry (CITI) released on Monday.

However, as compared to September 2021, exports of both Textile and Apparel have declined by -23.02% and -27.27% respectively, revealed the analysis.

Cumulative Exports of Textiles and Apparel during last month have registered a growth of 1.77% over previous year while it has declined by about -24.62% as compared to September 2021.

From the period of April to September 2023, Indian Textiles Exports registered de-growth of -3.59% over the previous year while Apparel Exports registered de-growth of -15.36% during the same time period.

Similarly, as compared to Apr-Sept’21 the exports of Textile and Apparel have declined by 18.37% and 5.69% respectively.

Cumulative Exports of Textiles and Apparel during Apr-Sep’23 have registered a de-growth of -8.81% as compared to Apr-Sep’22 while the same has declined by about -13.59% as compared to Apr-Sep’21.

(KNN Bureau)