India recorded it’s highest-ever textiles and apparel exports in the financial year 2021-22 at $44.4 bn, the government said. The exports tally, which also includes handicrafts, indicates a substantial increase of 41 percent and 26 per cent over corresponding figures in FY21 and FY20, respectively.
USA was the top export destination for the country’s textiles and apparel shipments accounting for 27 percent share, followed by the European Union (18 percent), Bangladesh (12 percent) and UAE (6 percent), the Textiles Ministry said.
“In terms of product categories, the export of cotton textiles was $17.2 bn with 39 percent share registering a growth of 54 percent and 67 percent during 2021-22 over FY21 and FY20, respectively,” an official statement said.
Export of ready-made garments stood at $16 bn with 36 percent share showing a growth of 31 percent and 3 percent during 2021-22 over FY21 and FY20, respectively. Man-made textiles exports were to the tune of $6.3 bn with a 14 percent share, which shows a growth of 51 percent and 18 percent during 2021-22 over FY21 and FY20, respectively.
Export of handicrafts was $2.1 bn with 5 percent share, reporting a growth of 22 percent and 16 percent during 2021-22 over FY21 and FY20, respectively, the Textiles Ministry said.
