Indian textile exports show signs of revival
1 year, 3 months ago

Indian textile exports show signs of revival

The Hindu  

Textile and apparel exports turned positive last month after more than six months of degrowth. While textile exports increased 13.98%, apparel exports declined 8.15%. Cumulative exports of textiles and apparel for April - August, however, were 10.51% lower compared with the same period last year, shows data shared by the Confederation of Indian Textile Industry. Siddhartha Rajagopal, executive director of Cotton Textiles Export Promotion Council, said the demand was good for home-textile products.

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History of this topic

Export of special technical textile products on rise, says NTTM official
4 days, 5 hours ago

Export of special technical textile products on rise, says NTTM official

The Hindu  

“Export of special technical textile products grew 6.2% between April and November compared with the same period last year,” said Ashok Kumar Malhotra, Mission Director of the National Technical Textiles Mission. Mr. Malhotra told The Hindu on Friday that the exports were worth ₹2,915 crore from April to November this year compared to ₹2,345 crore during April - November last …

Size matters: Decoding Indian manufacturing’s problem of scale
3 weeks, 2 days ago

Size matters: Decoding Indian manufacturing’s problem of scale

Live Mint  

New Delhi: The production-linked incentive scheme—one of the ways in which this government was hoping to increase manufacturing in India—is going through a slowdown, with planned expansions to the programme being put on hold. Size does matter As of 2019, the last date for which data was available, Bangladesh’s ALTF sector employed 2.45 million people, with 66% of those working …

Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis
1 month ago

Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis

Live Mint  

Indian textile exports are showing signs of recovery in FY25, with demand from European markets playing a crucial role in boosting figures, according to data from the ministry of commerce and industry. However, the numbers still fall short of the $5.84 billion achieved during FY23, the commerce ministry data showed, highlighting recovery challenges despite the growing interest in Indian textiles …

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct
1 month ago

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct

Live Mint  

New Delhi: India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods. Growth in key sectors like pharmaceuticals, electronics, and engineering goods contributed to the overall gains, while a sharp decline was reported in traditionally strong sectors—petroleum and gems and jewellery—amid …

Can India’s garments industry benefit from Bangladesh’s turmoil?
1 month, 2 weeks ago

Can India’s garments industry benefit from Bangladesh’s turmoil?

Live Mint  

Asia’s rise has been stitched together by the textile industry. Recently a group of exporters based in Tiruppur, a textile hub in southern India, said it had earned fresh orders worth $54m because of the unrest in Bangladesh. The head of sourcing at Gap says the American fashion brand remains “cautiously optimistic” about Bangladesh’s future. Between 2016 and 2023 the …

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide
1 month, 3 weeks ago

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide

Hindustan Times  

India's textile and apparel sector holds significant potential to create more and better employment, especially from the labour-intensive apparel segment. However, the sector faces important challenges in adapting to global market demands. It requires both the government and private sector to play their part. The government could help by rationalising domestic taxation and reducing import tariffs along the entire supply …

Indian Apparel Exports Soar 17.3% in September, Boosting Global Supply Chain
2 months, 1 week ago

Indian Apparel Exports Soar 17.3% in September, Boosting Global Supply Chain

The Hindu  

Indian apparel exports saw a significant surge in September, with a 17.3% increase compared to the same period last year. This growth is expected to continue in the coming months, with 15%-20% higher exports projected for 2024-2025. This surge is attributed to the increasing popularity of Indian products and the growing focus on sourcing from India by international buyers.

Apparel exports grew 12% in August to more than $1.2 bn
3 months ago

Apparel exports grew 12% in August to more than $1.2 bn

The Hindu  

Apparel exports registered 11.9% growth in August to $1,268.2 million compared with $1,133.5 million last August. In rupee terms, exports were 13.4% higher last month compared with last August and 8.7% more in April-August FY25 compared with the corresponding period in FY24. Mithileshwar Thakur, Secretary General, Apparel Export Promotion Council, said in a press statement that exports to Japan, Korea, …

Indian garment sector expects short-term gains due to Bangladesh crisis
4 months, 2 weeks ago

Indian garment sector expects short-term gains due to Bangladesh crisis

The Hindu  

The crisis in Bangladesh is expected to impact the Indian textile and apparel sector in the short term. Siddhartha Rajagopal, the Executive Director of Cotton Textiles Export Promotion Council, said $1.7-billion worth of cotton, cotton yarn and fabrics were exported by India to Bangladesh last fiscal, which is 17% of India’s cotton textile exports. According to the Apparel Export Promotion …

India's exports in Q1 show resilience despite global slowdown: CRISIL
5 months ago

India's exports in Q1 show resilience despite global slowdown: CRISIL

New Indian Express  

India's exports have shown resilience amidst global challenges, with merchandise exports rising by 5.8% to $109.96 billion in the first quarter of fiscal 2025, according to CRISIL. "On a cumulative basis, merchandise exports rose 5.8% to $109.96 billion for the first quarter of fiscal 2025, from $103.9 billion in the year-ago period. This growth in exports in the first quarter …

Merchandise exports up 2.55 pc in June
5 months, 1 week ago

Merchandise exports up 2.55 pc in June

Deccan Chronicle  

Chennai: Merchandise exports registered a positive growth of 2.55 per cent at $35.20 billion in June against the same month last year. Merchandise exports at $35.20 billion in June was 2.55 per cent higher than $34.32 billion garnered in June 2023. In the June quarter, merchandise exports were valued at $109.96 billion against $103.89 billion in the year ago period- …

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data
5 months, 1 week ago

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data

India TV News  

The government of India on Monday released data on the exports by the nation in the month of June. According to the data, India's merchandise export in June increased by 2.56 per cent to $35.32 billion compared to $34.32 billion in June last year. In May, the country's merchandise exports increased by 9.1 per cent and reached USD 38.13 billion, …

India’s fraying garment industry needs a stitch in time under Modi 3.0
5 months, 3 weeks ago

India’s fraying garment industry needs a stitch in time under Modi 3.0

Hindustan Times  

In 2011, McKinsey, the global consulting firm, conducted a survey of chief purchasing officers at top western apparel makers in order to gauge the supply chain shifts afoot in the industry. “Entry into synthetics would make factories run full year and increase wages manifold.” Fast fashion is a low-margin industry with a complex production process, and one indicator could determine …

Textile industry discusses measures needed to achieve higher growth rate
7 months ago

Textile industry discusses measures needed to achieve higher growth rate

The Hindu  

The National Committee of Textile and Clothing industry, comprising major textile associations and export promotion councils, deliberated on Saturday on measures to be taken to revive the Indian textile and clothing sector. Rakesh Mehra, chairman of the Confederation of Indian Textile Industry, said the average capacity utilisation in textile units across the value chain is 65 %. On the indications …

Goods exports hit 12-month high of $41.68 billion in March
8 months, 1 week ago

Goods exports hit 12-month high of $41.68 billion in March

The Hindu  

India’s goods exports hit a 12-month high of $41.68 billion in March, although it constituted a 0.67% decline from last year’s tally, while imports dropped 6% to $57.3 billion last month. Goods imports dropped by a sharper 5.41% to $677.24 billion in 2023-24, which helped moderate India’s trade deficit for the year to $240.2 billion, 9.33% lower than the preceding …

India’s monthly merchandise exports rise to $41.40 billion in February
9 months, 1 week ago

India’s monthly merchandise exports rise to $41.40 billion in February

Hindustan Times  

NEW DELHI: India reported a robust 12% annualised growth in merchandise exports at $41.4 billion in the month of February despite global headwinds, narrowing contraction in the first 11 months of 2023-24 by 3.6% to $395 billion, a senior official said. In 2022-23, India’s merchandise exports crossed $451 billion while overall exports achieved a record $770 billion. Releasing the monthly …

Merchandise exports 11-month high in Feb
9 months, 1 week ago

Merchandise exports 11-month high in Feb

Deccan Chronicle  

Chennai: At $41.4 billion, merchandise exports in February recorded both yearly as well as sequential growth. Merchandise exports in February rose 11.9 per cent to $41.4 billion in February, the highest in the current fiscal. Merchandise imports grew 12.16 per cent to $60.1 billion in February against the same month of 2023. Services exports grew 17 per cent to $32.15 …

Key markets remain positive for engineering exports
9 months, 4 weeks ago

Key markets remain positive for engineering exports

Deccan Chronicle  

Chennai: Despite the Red Sea crisis, top markets, including the US, China, UAE and Russia remained positive for engineering exports in January. Engineering goods exports to as many as 13 out of the 25 top markets that contribute to 76 per cent of the total shipments recorded positive year-on-year growth in January 2024. Engineering shipments to the US rose 6 …

India’s merchandise exports up 3.12% in January
10 months, 1 week ago

India’s merchandise exports up 3.12% in January

Hindustan Times  

India’s merchandise exports reported a 3.12% increase to $36.92 billion in January despite global headwinds, showing positive growth for the second consecutive month, with overall exports -- both goods and services -- estimated to have risen 9.27% to $69.72 billion in the month, government data released on Thursday said. Releasing trade data for January, commerce secretary Sunil Barthwal said, “Despite …

Merchandise Exports Grow 3% in Jan
10 months, 1 week ago

Merchandise Exports Grow 3% in Jan

Deccan Chronicle  

Chennai: Despite the Red Sea crisis, India managed to grow both merchandise exports and imports by 3 per cent in January. Merchandise imports were also up 3 per cent year-on-year last month at $54.41 billion, although they were down from $58.25 billion in December 2023. The merchandise trade deficit during the April-Jan period also narrowed by 9.26 per cent compared …

Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion
10 months, 1 week ago

Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion

The Hindu  

India’s merchandise trade deficit, which had hit a record high of $29.9 billion in October, narrowed sequentially for the third straight month and touched a nine-month low of $17.5 billion in January, provisional estimates released by the Commerce Ministry on Thursday showed. Services exports, whose actual numbers will be released later, are estimated to have expanded 17.5% last month to …

Textile industry crisis looms large as demand hits a low
1 year ago

Textile industry crisis looms large as demand hits a low

The Hindu  

December 08, 2023 07:00 am | Updated 07:00 am IST Sivakumar, who operates a foundry in Coimbatore in Tamil Nadu, usually buys scrap from the southern districts of the State. But, for the Indian textile and clothing industry, there are multiple issues stunting its growth and competitiveness — raw material prices, escalating input costs, quality control orders, and import of …

India sees 6.2% rise in goods exports in October
1 year, 1 month ago

India sees 6.2% rise in goods exports in October

The Hindu  

India’s goods exports grew only for the second time in 2023-24 in October, albeit on a low base, rising 6.2% to $33.6 billion, but imports jumped to a record high of $65.03 billion, 12.3% over last year, fuelled by higher gold inflows. Consequently, India’s monthly goods trade deficit widened to an all-time high of $31.46 billion, eclipsing the previous record …

Apparel and textile production witness steep declines following drop in export orders
1 year, 1 month ago

Apparel and textile production witness steep declines following drop in export orders

The Hindu  

Steep decline in exports and depressed demand both domestically and globally, have led to more than one-fifth decline in India’s garment manufacturing between April and August this year when compared with the same period in 2022. While “wearing apparel”, index dropped 17.1% in August and 22.6% during April-August 2023 as against the corresponding period last year. However, textile exports grew …

Trade deficit eases as imports plunge
1 year, 2 months ago

Trade deficit eases as imports plunge

Live Mint  

India’s trade deficit narrowed in September as imports plunged and exports continued to slide amid slowing demand in the West and China. Goods exports slipped marginally by 2.59% to $34.47 billion compared to $35.39 billion in September 2022, while imports fell a steeper 15% to $53.84 billion against $63.37 billion a year earlier. “India’s merchandise trade deficit compressed considerably to …

India’s global exports in labour-intensive sectors declined in last 5 years: FIE
1 year, 2 months ago

India’s global exports in labour-intensive sectors declined in last 5 years: FIE

Live Mint  

With India experiencing a decline in global market share across segments during the last five years, the labour-intensive export sectors such as apparels, marine products, plastics, and gems and jewellery are showing a "troubling pattern", news agency PTI quoted FIEO report as saying. "An analysis of sector-wise export performance for the last five years reveal the troubling pattern that India …

Decline in textile and apparel shipments continued in July ’23
1 year, 4 months ago

Decline in textile and apparel shipments continued in July ’23

The Hindu  

Exports of textiles and apparel were down 1.9% and 17.37% respectively in July this year compared with the same period last year. Data shared by Confederation of Indian Textile Industry showed that cotton yarn, fabrics, and made-ups registered 6.62% growth in July 2023 as against July 2022. “There are enquiries for garments for spring/summer 2024 for which shipments will begin …

Textile exports continue to decline in June, mills suspend work on tepid demand
1 year, 5 months ago

Textile exports continue to decline in June, mills suspend work on tepid demand

The Hindu  

Textile and apparel exports shrank 11.3% in June compared with the year-earlier period even as several textile mills in the South suspended production on account of tepid demand. Shipment of manmade products saw a 17.22 % decline while export of jute products and carpets plunged 26.72 % and 15.43% respectively, according to data shared by the Confederation of Indian Textile …

India’s goods exports dropped 22% to hit 8-month low in June
1 year, 5 months ago

India’s goods exports dropped 22% to hit 8-month low in June

The Hindu  

India’s goods exports plummeted 22.02% year-over-year in June to hit an eight-month low of $32.97 billion, while imports fell 17.5% to $53.1 billion, as per data from the Commerce Ministry. The goods trade deficit for June fell 8.8% from levels seen last June as well as this May, to $20.13 billion. This trend is likely to continue this year, with …

Govt to set up task force to address environmental concerns in textiles
1 year, 8 months ago

Govt to set up task force to address environmental concerns in textiles

Live Mint  

The union government is set to launch a task force to address environmental concerns in the textile sector at a time when India is negotiating a free trade agreement with western countries with a strong interest in boosting textile exports. Commerce minister Piyush Goyal said that sustainable products are witnessing high demand and some exporters using sustainable means are getting …

India’s economy signals resilience even as exports dim outlook
1 year, 8 months ago

India’s economy signals resilience even as exports dim outlook

Live Mint  

India’s economic activity stayed resilient in March though the weakening pace of exports and an increase in unemployment dimmed the outlook for the country that’s surpassing China as the most populous nation. Last week, India’s Finance Minister Nirmala Sitharaman said her government was making “enough efforts” to ensure the economy stays buoyant though she expressed concern over the OPEC output …

Merchandise exports down 9% in Feb
1 year, 9 months ago

Merchandise exports down 9% in Feb

Live Mint  

New Delhi: India’s merchandise exports declined by nearly 9% in February, the third contraction in the current fiscal, led by a persistent demand slowdown across major markets including the US and the European Union. “Amid a challenging external environment and tepid demand from key markets, engineering goods exports have seen a downward trend and recorded negative growth in seven out …

Indian Exports Decline 8.8 Per Cent To $33.88 Billion In February
1 year, 9 months ago

Indian Exports Decline 8.8 Per Cent To $33.88 Billion In February

ABP News  

India's exports declined in February for the third consecutive month by 8.8 per cent to $33.88 billion against $37.15 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Imports also declined by 8.21 per cent to $51.31 billion as against $55.9 billion recorded in the corresponding month last year. During April-February …

Exports fell 8.8% in February, but trade deficit also shrank over 7%
1 year, 9 months ago

Exports fell 8.8% in February, but trade deficit also shrank over 7%

The Hindu  

Tentative global demand pulled India’s goods exports down 8.8% in February to $33.9 billion, while imports fell 8.2% from a year ago to $51.31 billion, according to Commerce Ministry estimates released on Wednesday. The merchandise trade deficit during February 2023 fell 7% to $17.43 billion, slightly higher than January’s $16.56 billion deficit, which in turn was the lowest in at …

India’s overall exports log 14.57% growth in January 2023, climb to $65.15 billion
1 year, 10 months ago

India’s overall exports log 14.57% growth in January 2023, climb to $65.15 billion

Firstpost  

The country’s overall exports indicate exports of merchandise and services combined. The overall import has also witnessed a marginal increase of 0.94 per cent to $66.42 billion in January 2023 as compared to $65.80 billion that the country registered in January 2022 New Delhi: India’s exports logged a 14.57 per cent increase year-on year in January 2023 to $65.15 billion …

India’s exports in January dipped by 6.58% to $32.91 bn
1 year, 10 months ago

India’s exports in January dipped by 6.58% to $32.91 bn

Live Mint  

India's exports in January dipped by 6.58 per cent to $32.91 billion, as against $35.23 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Imports in January also declined by 3.63 per cent to $50.66 billion, as against $52.57 billion in the same month last year. Cumulatively, during April-January 2022-23, the …

India's services exports to cross $300bn target for this fiscal: Piyush Goyal
1 year, 11 months ago

India's services exports to cross $300bn target for this fiscal: Piyush Goyal

The Hindu  

The country's services exports are doing “extremely well” and going by the current trend these outbound shipments would register about 20% growth in this fiscal and cross the $300 billion target despite global economic uncertainties, Commerce and Industry Minister Piyush Goyal has said. With all these stress, where every global leader is talking of “very” tough times, India's exports rose …

Trade winds: The Hindu Editorial on Indian exports data December 2022
1 year, 11 months ago

Trade winds: The Hindu Editorial on Indian exports data December 2022

The Hindu  

December 2022 marked the steepest fall in two years for India’s goods exports, with products worth $34.5 billion shipped out — 12.2% lower than a year ago. For now, December’s export numbers, even if lifted by the last batches of pre-holiday festive shipments reaching their destined shores, hold up well on this front vis-à-vis October and November’s initial trade estimates. …

Merchandise exports dive 12% in December
1 year, 11 months ago

Merchandise exports dive 12% in December

Live Mint  

India’s merchandise exports fell by 12% in December, marking the second decline in three months, as demand slowed down in major markets such as the US and the European Union. India’s merchandise exports dropped to $34.48 billion in December, while imports declined by 3.4% to $58.24 billion, resulting in a trade deficit of $23.76 billion, data released by the ministry …

Amid slowing demand, exports dip by 12.2%; imports contracts 3.5%
1 year, 11 months ago

Amid slowing demand, exports dip by 12.2%; imports contracts 3.5%

The Hindu  

India exported goods worth $34.48 billion in December 2022, constituting a 7.75% rise from November’s $32 billion figure but a steep 12.2% dip from a year ago, amid slowing global demand. Consequently, the country’s merchandise trade deficit inched up from just under $24 billion in November to $24.24 billion in December, remaining under the $25 billion mark for the second …

Turning tide: On India’s goods exports
1 year, 11 months ago

Turning tide: On India’s goods exports

The Hindu  

India’s goods exports rebounded from a nearly 17% dip in October to a mild 0.6% uptick in November. Their share in exports growth has been shrinking since June, with the contraction accelerating for many sectors from September to November — engineering goods that drove much of India’s record $422 billion goods exports in 2021-22, contracted 11.3% while textiles fell a …

Exports flat at $31.99 bn in Nov, trade deficit at $23.89 bn
2 years ago

Exports flat at $31.99 bn in Nov, trade deficit at $23.89 bn

Live Mint  

India's merchandise exports recorded a flat growth at $31.99 billion in November as against $31.8 billion in the same month last year, while the merchandise trade deficit stood at $23.89 billion from $26.91 billion in the previous month, data released by the Ministry of Commerce & Industry showed on Thursday. Textile exports in India dropped due to global demand slowdown …

Exports growth slows further in August
2 years, 3 months ago

Exports growth slows further in August

The Hindu  

India’s merchandise exports grew 1.6% in August to $33.92 billion, still a nine-month low, while imports jumped 37.3% from August 2021 levels to $61.9 billion. Gold imports dropped 46.7% to $3.5 billion in August from $6.7 billion a year ago, but Silver imports saw an alarming 4,318% jump from a mere $15.5 million last year to $684.3 million this August. …

Goods Exports In April Jump 30% YoY To $40 Billion; Trade Deficit Widens To $20.1 Billion
2 years, 7 months ago

Goods Exports In April Jump 30% YoY To $40 Billion; Trade Deficit Widens To $20.1 Billion

News 18  

India’s merchandise exports in April registered a 30 per cent year-on-year jump to USD 40 billion, led by strong outbound shipments of petroleum products, electronic goods, cereals and coffee. “India’s overall exports in April 2022 are estimated to be USD 67.79 billion, exhibiting a positive growth of 38.90 per cent over the same period last year. “The merchandise trade deficit …

India Hits $400 Billion Goods Export Mark: How Did We Do It & Is It a Big Deal?
2 years, 8 months ago

India Hits $400 Billion Goods Export Mark: How Did We Do It & Is It a Big Deal?

The Quint  

Compared with the April-February period for the previous year, India's merchandise exports grew by 46.09 percent. In absolute numbers, engineering goods exports raked in the most money, with February 2022 figures coming in at $9,321.78 million, an increase of 32.04 percent year on year. Electronic goods exports grew by 42.8 percent over the April-February period, while gems and jewellery exports …

What drove India's exports to record $400 billion?
2 years, 8 months ago

What drove India's exports to record $400 billion?

Business Standard  

India’s annual merchandise exports have hit $400 billion for the first time, achieving the target set by the government 9 days ahead of schedule. The $410 billion figure would be far higher than the previous record of $330 billion achieved in 2018-19 and 41% higher than the previous financial year, when India exported goods worth $291 billion. He said that …

India's exports are booming, but will it last?
3 years, 3 months ago

India's exports are booming, but will it last?

Live Mint  

BENGALURU : In a year where the Indian economy is stuttering back to normal, the burgeoning export numbers have been a cause for cheer. Data for 98 groups and 1,201 groups, which is available till June 2021, also confirms that India’s pick-up in exports is broad-based and driven by primary commodities. The emerging question, and risk for India’s exports basket, …

Aim to increase textiles exports to $100 billion: Piyush Goyal tells exporters
3 years, 3 months ago

Aim to increase textiles exports to $100 billion: Piyush Goyal tells exporters

India TV News  

India's textile exporters must aim to increase exports to $100 billion at the earliest, Union Minister Piyush Goyal said on Friday. In an interactive session with the country's textile industry held here, the Union Minister for Commerce & Industry, Textiles, Consumer Affairs and Public Distribution said: "We must aim to increase textiles exports three times from present export value of …

Decoded | Why India's exports are at a record high
3 years, 4 months ago

Decoded | Why India's exports are at a record high

India Today  

India’s economy has been recovering steadily after the deadly second wave of Covid-19 dented the GDP growth outlook. Merchandise exports from India hit a record high of $35.2 billion in July 2021 — the highest-ever monthly figure ever in the country’s history. Read | India’s exports continue upward climb in May, trade deficit hits 8-month low DEFINITION OF EXPORTS AND …

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