(New Delhi, 14th August 2024) Cumulative exports of Textiles and Apparel (T&A) during July 2024 recorded a notable growth of 4.73% compared to July 2023. This growth has been primarily driven by a significant increase in apparel exports, which surged by 11.8% in July 2024 over the same period last year.
Commenting on the positive performance, Shri Rakesh Mehra, Chairman, CITI stated, “This year has shown promising progress for India’s T&A exports, particularly when compared to last year. The growth in exports is largely attributed to the expanding share of Indian apparel in key markets such as the USA, alongside increased exports to the EU-27 and the UK. The industry remains optimistic about export orders in the upcoming months, and we are poised to further leverage the concluded FTAs like the India-Australia ECTA and the India-UAE CEPA. These agreements are expected to provide additional momentum to our exports.”
The industry anticipates continued growth and is strategically positioning itself to capitalize on these opportunities, ensuring that India remains a key player in the global textiles and apparel market.
• During July’24, Indian Textiles exports was almost similar to last year while Apparel exports registered a significant growth of 11.84% during the same time period.
• Cumulative exports of Textiles and Apparel during July’24 have registered a growth of 4.73% over July’23.
• During Apr-July’24, Indian Textiles exports registered a growth of 2.92% over the previous year while Apparel exports registered a growth of 6% during the same time.
• Cumulative exports of Textiles and Apparel during Apr-July’24 have registered a growth of 4.24% as compared to Apr-July’23.
• Exports
(Values in US$ Mn)
| Particulars | July-23 | July-24 | % Change | Apr-July’23 | Apr-July’24 | % Change |
| Cotton Yarn/Fabs./made-ups, Handloom Products etc. | 1,009.73 | 968.06 | -4.13% | 3,768.25 | 3,884.52 | 3.09% |
| Man-made Yarn/Fabs./made ups etc. | 390.29 | 405.56 | 3.91% | 1,551.41 | 1,570.91 | 1.26% |
| Jute Mfg. including Floor Covering | 29.35 | 25.15 | -14.31% | 123.92 | 108.43 | -12.50% |
| Carpet | 111.43 | 123.16 | 10.53% | 437.59 | 486.53 | 11.18% |
| Handicrafts excl. handmade carpet | 122.26 | 138.43 | 13.23% | 528.13 | 545.93 | 3.37% |
| Textiles | 1,663.06 | 1,660.36 | -0.16% | 6,409.30 | 6,596.32 | 2.92% |
| Apparel | 1,141.95 | 1,277.20 | 11.84% | 4,836.59 | 5,126.87 | 6.00% |
| Textile and Apparel | 2,805.01 | 2,937.56 | 4.73% | 11,245.89 | 11,723.19 | 4.24% |
| All Commodities | 34,489.89 | 33,981.41 | -1.47% | 1,38,386.66 | 1,44,122.89 | 4.15% |
| % of T&A in Total Exports | 8.13% | 8.64% | 8.13% | 8.13% |
• Imports
(Values in US$ Mn)
| Particulars | July-23 | July-24 | % Change | Apr-July’23 | Apr-July’24 | % Change |
| Cotton Raw & Waste | 88.72 | 86.29 | -2.74% | 287.23 | 238.3 | -17.04% |
| Textile yarn fabric, made-ups | 201.2 | 200.75 | -0.22% | 719.72 | 757.9 | 5.30% |
