Exports of textiles and apparel were down 1.9% and 17.37% respectively in July this year compared with the same period last year.
Cumulative export of textiles and apparel for the April-July 2023 period slid 13.74% year-over-year.
Data shared by Confederation of Indian Textile Industry (CITI) showed that cotton yarn, fabrics, and made-ups registered 6.62% growth in July 2023 ($1,009 million) as against July 2022 ($946.48 million). However, shipment of manmade yarn, fabrics, and made-ups, jute products, carpets, handicrafts, and apparel items registered negative growth.
Textile products worth a total of $1,663 million were shipped last month compared with $1,695 million last July. Apparel exports were $1,381 million in July 2022 and $1,141 million last month.
Source: The Hindu