India's textile & apparel exports show positive growth in Oct 2021

All textile-apparel commodities/commodity groups recorded a positive growth during October 2021 vis-à-vis October 2020. These include cotton yarn/fabrics/made-ups, handloom products, etc (46.2 per cent), man-made yarn/fabrics/made-ups, etc (29.12 per cent), jute manufacturing including floor covering (27.44 per cent), leather & leather products (15.64 per cent), carpet (10.06 per cent), handicrafts excluding handmade Carpet (9.72 per cent), and readymade garments of all textiles (6.42 per cent).

Pic: twitter.com/PiyushGoyal

India’s exports in October 2021 stood at $35.65 billion, as compared to $24.92 billion in October 2020, exhibiting a positive growth of 43.05 per cent. In rupee terms, exports were ₹2,67,056.26 crore in October 2021, as compared to ₹1,83,060.60 crore in October 2020, registering a positive growth of 45.88 per cent. As compared to October 2019, exports in October 2021 exhibited a positive growth of 35.89 per cent in dollar terms and 43.30 per cent in rupee terms.

Cumulative value of exports from India for the period April-October 2021 was $233.54 billion (₹17,30,104.50 crore) as against $150.54 billion (₹11,24,418.69 crore) during the period April-October 2020, registering a positive growth of 55.13 per cent in dollar terms (positive growth of 53.87 per cent in rupee terms). As compared to April-October 2019, exports in April-October 2021 exhibited a positive growth of 25.97 per cent in dollar terms and 33.06 per cent in rupee terms.

Commenting on the country’s export performance, Piyush Goyal, India’s minister of commerce & industry and textiles, said in his twitter post that the continuing robust exports growth signals a sustained economic rebound. “Quality goods & services exports from Flag of India are laying the foundation of an Aatmanirbhar Bharat.”

Fibre2Fashion News Desk (RKS)