For the first ten months of this fiscal India’s exports of readymade garments increased by five per cent.

Exports of cotton yarn, fabrics, made-ups, and handloom products declined by 28 per cent against the corresponding period of the previous fiscal. Carpet exports came down by 23 per cent. Manmade yarn, fabrics and made-ups exports went down by 11 per cent. India’s readymade garment exports decreased by three per cent in January 2023. Exports of cotton yarn, fabrics, made-ups and handloom products declined by 37 per cent. Carpet exports fell by 27 per cent. Manmade yarn, fabrics and made-ups exports came down by 21 per cent. India’s overall exports (merchandise and services combined) in January 2023 grew by 14 per cent over the same period last year. Overall imports in January 2023 were 0.94 per cent higher over the same period last year. During April 2022 to January 2023, India’s exports of merchandise and services increased by 17 per cent against the corresponding period of last year. Overall imports also increased by 22 per cent from the same period last year. India is among the top garment manufacturing countries in the world. Indian textiles and apparel products have a history of fine craftsmanship across the entire value chain from fiber, yarn, fabric to apparel with high global appeal.