India’s textile exports fell by 31 per cent in September 2022. Apparel exports declined by 18 per cent in the same period. Cumulative exports of textiles and apparel decreased by 26 per cent.

During April 2022 to September 2022, Indian textile exports went down by 16 per cent while apparel shipment rose by 11 per cent. Cumulative exports of textiles and apparel during this period decreased by six per cent. The share of textiles and apparel in India’s total merchandise exports declined to seven per cent in September 2022 compared to ten per cent in September 2021. The share fell from nine per cent to seven per cent in April 2022 to September 2022. So India’s textile exports declined in September this year, even as the other textile-exporting countries continue to perform better than India.

Indian exporters are losing in the international textile market as the currencies of competing countries registered a deeper fall against the dollar compared to the Indian rupee.Indian exports are underperforming compared to the other countries. Indian exporters are unable to compete against other countries and are losing export orders as they are not able to offer competitive prices to their importers. The fall in the Indian rupee against the dollar is not really benefiting Indian exporters as currencies of other competing countries have fallen deeper.