India’s textile exports reached an all-time high of $44 billion
The United States was India’s greatest consumer, accounting for 27 percent of all textile and apparel exports, with cotton textiles accounting for 37 percent of the total, or $17.2 billion.
India’s textile and apparel exports reached $44.4 billion in the fiscal year 2021-22, the highest ever. The government announced in a press release that this was a 41 percent increase over the 2020-21 fiscal year and a 25 percent increase over the previous year. With a 27 percent share of India’s textile and garment exports, the United States was the country’s largest customer.
Here are some of the highlights:
Product breakdown:
After China and the European Union, India is the world’s third-largest textile exporter.
CATEGORIES Industry Update