India’s textile and apparel (T&A) exports grew by 4.73 per cent Y-o-Y to $2.94 billion in July 2024as against $2.81 billion in July 2023, as per figures by the Confederation of Indian Textile Industry (CITI).
Apparel exports from India grew by 11.85 per cent Y-o-Y to $1.28 billion during the month as against $1.14 billion in July 2023. This growth could be attributed to the rising demand for Indian apparel in prominent markets such as the US, the EU and the UK, says RakeshMehra, Chairman, CITI.
Meanwhile, India’s textile exports remained steady in July 2024 to $1.66 billion compared to July 2023. CITI remains optimistic about the future growth of the T&A industry in India. The free trade agreements (FTAs) being negotiated by the government will provide additional momentum to these exports, adds Mehra.
Anticipating growth, the industry is strategically positioning itself to capitalise on these opportunities, ensuring India remains a key player in the global textiles and apparel market.
