News Brief
India’s Textiles Exports Highest Ever In FY 2021-22 At US$ 44.4 Billion
- India has recorded its highest ever exports tally at US$ 44.4 billion in textiles and apparel (T&A) including handicrafts in FY 2021-22.
India textile factory workers (Wikimedia Commons)
India has recorded its highest ever exports tally at US$ 44.4 billion in textiles and apparel (T&A) including handicrafts in FY 2021-22.
The textile exports from India saw an increase of 41% and 26% over corresponding figures in FY 2020-21 and FY 2019-20, respectively. Although, India’s textile exports has been constantly increasing since 2016-17, a slight decline was witnessed during 2019-20.
USA was the India's top export destination accounting for 27% share, followed by EU (18%), Bangladesh (12%) and UAE (6%).
In terms of product categories, the export of cotton textiles was US$ 17.2 billion with 39% share registering a growth of 54% and 67% during 2021-22 over FY 2020-21 and FY 2019-20, respectively.
Export of Ready-Made Garments was US$ 16 billion with 36% share showing a growth of 31% and 3% during 2021-22 over FY 2020-21 and FY 2019-20, respectively.
Man-made textiles export was US$ 6.3 billion with 14% share which shows a growth of 51% and 18% during 2021-22 over FY 2020-21 and FY 2019-20, respectively.
Export of Handicrafts was US$ 2.1 billion with 5% share reporting a growth of 22% and 16% during 2021-22 over FY 2020-21 and FY 2019-20 respectively.
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