India is likely achieve just over 90 per cent of its garment export target in the current fiscal, despite the sector putting up a better show than textiles and many other merchandise segments. Apparel exports may just about cross $17 billion in 2015-16, compared with the target of $18.73 billion for the fiscal, as outbound shipments to key markets like the US and Europe remained lower than expected due to an economic slowdown, they added.

The garment segment still witnessed a 5 per cent rise in exports in December from a year before and a 2.8 per cent increase during the April-December period to $12.47 billion, far outpacing an 18 per cent contraction in the country’s overall exports, points out Apparel Exports Promotion Council (AEPC) chairman Ashok G Rajani.

Last fiscal, the country’s overall textile and garment exports grew roughly by 5 per cent to $41.4 billion from a year before, but still lower than the official target of $45 billion for 2014-15. The government has set the target for the textile and clothing exports at $47.5 billion for 2015-16.