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India should target a “realistic” goal of $65 billion worth of textile exports in the next five years, industry body CII and global management consulting firm Kearney have said in a report, adding the government’s aim of $100 billion of exports is a “very steep goal”.

India should target a “realistic” goal of $65 billion worth of textile exports in the next five years, industry body CII and global management consulting firm Kearney have said in a report, adding the government’s aim of $100 billion of exports is a “very steep goal”.

The GST Council, has decided to impose 12% GST on all textile products except cotton to correct inverted duty structure in the sector. The new rates will be effective from January 1, 2022.