In January 2024, India’s textiles exports declined by-1.18 per cent compared to the previous year, show figures from the Confederation of Indian Textile Industry.  Apparel exports saw a more significant decline of-3.46 per cent during the same period. Cumulative exports of textiles and apparel declined by -2.29 per cent in January 2024 compared to January 2023.

From April 2023 to January 2024, India’s textiles exports showed marginal growth, of 0.15 per cent over the preceding year. However, apparel exports declined by-13.14 per cent during the same period. Cumulative exports of textiles and apparel declined by -5.87 per cent from April 2023 to January 2024 compared to the corresponding period from April 2022 to January 2023.

Confederation of Indian Textile Industry (CITI) is the only National Association that covers the entire spectrum of the textile and clothing industry spanning domestic and exporting unit, including regional and sectoral associations from farms to garments and even textile machinery. CITI has signed MOUs with 13 major International Textile Associations for the promotion of textiles trade and investment. It, directly and indirectly, serves an industry that connects to millions of farmers, 100 million plus workforce, and 1.3 billion consumers. The cumulative annual turnover of CITI members is around $30 billion i.e. over Rs.2 lakh crore.