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

Total textile and apparel exports from India increased by seven per cent to Rs 1600 billion in April to November 2018, compared to exports of Rs 1492 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 percent jump in October, due to a sharp volatility in the rupee-dollar exchange rate.

During the month, textile and clothing exports earned Rs 189.65 billion, as against Rs 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 percent over $2.57 billion in same month last year.

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

In fiscal 2017-18, India’s textile and clothing exports totalled $35.666 billion with garments accounting for $16.705 billion, cotton textiles $11.190 billion, and man-made textiles $5.388 billion.