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Apparel exports decline

According to Apparel Export Promotion Council, apparel exports in April 2018 declined by 22.76 per cent as against the corresponding period last year. In April 2018, the Indian RMG exports amounted to USD 1.34 billion (approximately) as against the corresponding month of April 2017, when the exports was USD 1.74 billion (approximately). In rupee terms export for the Month of April 2018 was Rs. 8859.67 Crore as against Rs. 11272.24 Crore in April 2017, showing a decline of 21.40 per cent.

India’s apparel production has also showed a decline of 18.6 per cent in the month of March, 2018 and a decline of 11 per cent for the period April-March, 2017-18 as per the latest IIP figures. India’s Readymade Garment (RMG) export in the period April-March of 2017-18 was to the tune of USD 16.71 billion (approximately) which has decreased by 3.83 % compared to the same period of previous financial year. During April-March 2016-17, India’s apparel exports were to the tune of USD 17.38 billion (approximately).

 

 
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