India’s export grew by 4.39 per cent to $23.56 billion in June as shipments of chemicals, engineering and marine products improved, according to the official data released.
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The Government has trimmed the textile and clothing export target to $45 billion for the current fiscal. Total shipments in the last fiscal missed the initial target of $48.5 billion by a huge margin
India’s exports for April 2017 jumped nearly 20 per cent in dollar terms over exports during April 2016.
India’s textile export declined in 2016 for a consecutive year, due to weak global demand and the country’s competitiveness getting blunt
India’s apparel exports to the US rose 4.3 per cent y-o-y in January 2017. Export volumes increased 8.6 per cent but export realisation fell four per cent.
India?s apparel exports to the US fell by 4.8 per cent y-o-y in December 2016, but maintained its position as the sixth largest apparel exporter to the US.
Exports from Bangladesh, particularly of garment items, will face further tariff competition in the US market if Donald Trump, the President-elect, implements his plan of border tax, one of his major campaign promises.