For the nine month period India’s overall textile and apparel sales increased by nine per cent.
Ebitda increased by 17 per cent. Raw material cost saw an increase of eight per cent. While employee cost saw an increase of seven per cent, other costs also saw an increase of ten per cent for the same period.

For the top textile and apparel companies, there was an increase in overall sales and ebitda margins by nine per cent and 17 per cent, respectively.

India’s overall textile and apparel exports witnessed a growth of two per cent while apparel exports declined by eight per cent during the nine-month period. Meanwhile, textile and apparel imports rose five per cent with a significant 52 per cent rise in apparel imports.

Indian textile and apparel exports go to all countries including China. The recovery in the US economy has given a boost to India’s textile and apparel exports. Since the US economy is on a continuous growth path, India’s textile and apparel export growth is expected to continue. India registered a growth of 5.37 per cent in textile and apparel exports in 2017. India’s share in world trade in textile and clothing is estimated to be 4.95 per cent. With these exports, India is ranked second among suppliers in the world.