India’s readymade garment exports increased by 12 per cent in November 2022. This is a strong rebound after declining trends seen in September and October.

Readymade exports from India had been witnessing a rough patch in the past few months, since most of the traditional markets like the UK, EU and US have been witnessing recession and global headwinds, leading to shrinking demand on the one hand and buyers asking for discounts on the other.

After a few months of decline, Indian garment exports have again turned positive. The new positive outlook is a big boost as the exporting community faced the additional burden of rising manufacturing and logistics costs, due to inflation and geopolitical factors. The uptick in demand has come as global retailers have begun to deal with a shortage of inventory for the holiday season from their pandemic-linked stockpiles.

In addition, Indian exporters have made some tactical pricing adjustments to stay aligned with the new market reality.In spite of all the constraints, Indian exporters hope to achieve the level of exports of last year and may even exceed that this year.

The Indian apparel industry, in the meanwhile, is looking to position itself as an alternative Asian sourcing bet as global importers increasingly diversify beyond China.