Textile Export Increased by 41%

The Ministry of Textile has informed that during April-December, 2021 the total Textiles & Apparel including Handicrafts exports has recorded a growth of approximately 41% over last year. As it is US$ 29.8 billion as compared to US$ 21.2 billion for the same period last year, which signals an economic rebound.

However, as compared to pre-pandemic year 2019-20, export for textile sector increased by 14.6% from April- December 2021 as compared to April-December 2019. Out of which, Textiles exhibited an increase in export of 31%. Whereas, Cotton Yarn/ Fabrics/ Made-ups, Handloom products etc. exhibited an increase of 43% and Jute products exhibited an increase of 33% for the said period.

Further, Government has set the target of $44 billion for Textiles sector and approximately 68% of annual target has already been achieved.

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Knowledge Source :

World Bank Retains India’s Economic Growth at 8.3% for FY22

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