India’s textile and apparel exports reached its heights at $44.4 billion in 2U21-22.
Also including handicrafts, India’s textile exports grew by 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively.
The US emerged as the top destination for India’s textile and apparel exports, accounting for 27 per cent share. It was followed by the European Union which accounted for 18 per cent of exports, Bangladesh, which accounted for 12 per cent and Bangladesh which accounted for 6 per cent of textile and apparel exports from India.
Cotton textiles were the top exported category with 39 per cent share registering a growth of 54 per cent and 67 per cent over FY21 and FY20, respectively.
Export of ready-made garments surged by 31 per cent over FY21 and 3 per cent FY20 to $ 16 billion with 36 per cent share
Man-made textiles exports amounted to $ 6.3 billion with a 14 per cent share, which shows a growth of 51 per cent and 18 per cent during 2021-22 over FY21 and FY20, respectively.
Export of handicrafts grew by 22 per cent over FY21 and 16 per cent over FY20 to $ 2.1 billion with 5 per cent share.