India’s textiles and apparel exports are expected to grow 12.06 per cent CAGR to touch $82 billion in 2021. As per IBEF reports, India’s RMG exports reached $9.50 billion in January 2021 from April 2020. In January alone, India exported RMG worth $ 1.30 billion. Exports of apparel and clothing accessories knitted or crocheted reached $1.32 billion during April–July 2020 and $ 586.49 million in July.

Exports of non-knitted or crocheted apparels and accessories reached $1.27 billion during the April-July 2020 period and $504.98 million in July alone. The total value of cotton yarn, fabrics and made-ups exports from the country stood at $947.58 billion in February 2021. During April 2020-February 2021, these exports stood at $8.71 billion.

To promote export of readymade garments and made ups, the Indian government recently increased Merchandise Export from India Scheme (MEIS) rates from 4 per cent to 6 per cent under the mid-term review of Foreign Policy 2015-21.