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NEW DELHI: India recorded its highest-ever textiles and attire exports within the monetary yr 2021-22 at $44.4 billion, the federal government mentioned on Tuesday.
The exports tally, which additionally consists of handicrafts, signifies a considerable enhance of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively.
USA was the highest export vacation spot for the nation’s textiles and attire shipments accounting for 27 per cent share, adopted by the European Union (18 per cent), Bangladesh (12 per cent) and UAE (6 per cent), the textiles ministry mentioned.
“By way of product classes, the export of cotton textiles was $17.2 billion with 39 per cent share registering a progress of 54 pet cent and 67 per cent throughout 2021-22 over FY21 and FY20, respectively,” an official assertion mentioned.
Export of ready-made clothes stood at $16 billion with 36 per cent share exhibiting a progress of 31 per cent and three per cent throughout 2021-22 over FY21 and FY20, respectively.
Man-made textiles exports have been to the tune of $6.3 billion with a 14 per cent share, which reveals a progress of 51 per cent and 18 per cent throughout 2021-22 over FY21 and FY20, respectively.
Export of handicrafts was USD 2.1 billion with 5 per cent share, reporting a progress of twenty-two per cent and 16 per cent throughout 2021-22 over FY21 and FY20, respectively, the textiles ministry mentioned.
The exports tally, which additionally consists of handicrafts, signifies a considerable enhance of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively.
USA was the highest export vacation spot for the nation’s textiles and attire shipments accounting for 27 per cent share, adopted by the European Union (18 per cent), Bangladesh (12 per cent) and UAE (6 per cent), the textiles ministry mentioned.
“By way of product classes, the export of cotton textiles was $17.2 billion with 39 per cent share registering a progress of 54 pet cent and 67 per cent throughout 2021-22 over FY21 and FY20, respectively,” an official assertion mentioned.
Export of ready-made clothes stood at $16 billion with 36 per cent share exhibiting a progress of 31 per cent and three per cent throughout 2021-22 over FY21 and FY20, respectively.
Man-made textiles exports have been to the tune of $6.3 billion with a 14 per cent share, which reveals a progress of 51 per cent and 18 per cent throughout 2021-22 over FY21 and FY20, respectively.
Export of handicrafts was USD 2.1 billion with 5 per cent share, reporting a progress of twenty-two per cent and 16 per cent throughout 2021-22 over FY21 and FY20, respectively, the textiles ministry mentioned.
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