As per the Confederation of Indian Textile Industry (CITI), India’s textiles and apparels exports in the fiscal 2019 grew 1.66 per cent to $35.969 billion as compared to $35.381 billion in the previous fiscal, mainly due to a sharp drop in the shipment of apparels. Export of textiles products grew by 6.19 per cent to $19.830 billion during the fiscal under review as compared to $18.674 billion a year ago. Apparels exports declined by 3.40 per cent to $16.138 billion as against $16.706 billion in the previous financial year
Amongst textile products, cotton yarn/fabrics/made-ups, handloom products continued to be the largest export earner with a growth of 9.22 per cent, man-made fabrics exports increased by 3.15 per cent to $$4.978 billion as against $4.824 billion in the previous fiscal.
The carpet segment registered a growth of 3.63 per cent to $1.481 billion as compared to $1.429 billion in fiscal 2018.Exports of textile products and apparel in March 2019 grew by 6.96 per cent to $3.550 billion as compared to $3.319 billion in March 2018.
However, the monthly index of industrial production (IIP) of textiles declined (y-o-y basis) in February 2019. Exports of apparels registered a positive growth y-o-y in March 2019 which shows a positive correlation with increase in IIP of apparels in February 2019.