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India’s garment exports grow 11% in April-Jun

Garment exports from India has seen a 12.13 per cent increase in June. As per AEPC’s data release for the month of June, “Apparel exports were to the tune of $1,240 million in June 2013-14 with an increase of 12.13 per cent against the corresponding month of last financial year. In rupee terms, exports have increased by 17 per cent in June 2013-14 over the same month of previous FY.

In the FY 2012-13, exports in dollar terms declined by 6 per cent from the previous FY and totaled to $12,923 million in April-March 2012-13.Export in dollar terms for three months of the fiscal 2013-14 has increased by 11 per cent over the same period of previous FY and reached to $3,561 million however, in rupee terms exports increased by 15 per cent compared to the same period of last FY. In April-June 2013-14 in rupee terms apparel export of India was to the tune of Rs19, 918 crores compared to Rs. 17,342 crores in April-June 2012-13.

On imports from India by the US, A Sakthivel, Chairman, AEPC says, “Apparel imports of the United States witnessed an increase of 3.7 per cent in the Jan-May of 2013 from the previous year and amounted to $30.6 billion.”India’s export to EU for Jan-May 2013 amounted to $2.5 billion with a decline of -1.1 per cent compared to the same period of previous year, AEPC chairman observed.