India’s textile and apparel (T&A) exports maintained positive growth for the second consecutive month in October 2024, with cumulative trade in the first seven months of the current fiscal (April-October 2024) showing notable improvement. Exports rose by 7.08 per cent, reaching $20.721 billion during this period. October 2024 recorded robust growth, with exports increasing by 19.93 per cent. Apparel exports, in particular, surged by 35.06 per cent, indicating a continued recovery following a prolonged period of sluggish foreign trade.
Textile exports grew by 4.01 per cent to $11.988 billion in the first seven months of FY 2024-25, compared to $11.526 billion in the same period of the previous year. Apparel exports rose by 11.60 per cent, reaching $8.732 billion, up from $7.825 billion in the corresponding period last fiscal. The share of textiles and apparel (T&A) in India’s total merchandise exports increased to 8.21 per cent during this period, as per the Ministry of Commerce and Trade.
Within the textile sector, exports of cotton yarn, fabrics, made-ups, and handloom products increased modestly by 1.66 per cent, reaching $6.991 billion in the first seven months of this fiscal. Exports of man-made yarn, fabrics, and made-ups rose by 4.36 per cent to $2.843 billion, while carpet exports saw a significant 12.26 per cent increase to $892.51 million.