India’s textile and apparel exports jump 7% in April-Nov

Total textile and apparel exports from India increased by seven per cent to ₹1600.10 billion in April to November 2018, compared to exports of ₹1492.54 billion in the corresponding period of last fiscal, according to data compiled by the Union ministry of textiles. In dollar terms, however, exports remained flat at $23.18 billion during the same period.

India’s textile and garment exports growth moderated in November 2018, after a sharp 38 per cent jump in October, due to a sharp volatility in the rupee-dollar exchange rate. During the month, textile and clothing exports earned ₹189.65 billion, as against ₹167.07 billion fetched in the corresponding month of 2017, as per data compiled by the Union ministry of textiles. In dollar terms, exports were $2.64 billion, an increase of 2 per cent over $2.57 billion in same month last year.

Segment-wise, textile exports rose 9 per cent to ₹108.53 billion in November 2018, compared to ₹99.87 billion in the corresponding month of the last year. While apparel exports jumped by 21 per cent to ₹81.12 billion in November 2018 from ₹67.20 billion in November 2017.

In fiscal 2017-18, India’s textile and clothing exports totalled $35.666 billion with garment

[“source-ndtv”]