In a notabd, exports witnessed a slight decline of 3.24% for the fiscal year 2023–2024 compared to the previous year.
March Export Performance
Exports of cotton yarn, textiles, and made-ups showed a commendable increase of 6.78% in March compared to the same period last year. Similarly, these exports also saw a rise of 6.71% in FY ’24 compared to the preceding year.
Apparel exports experienced a modest growth of 1.7% in March 2024 compared to March 2023. However, there was a notable decrease of 10.25% in apparel exports for the fiscal year 2023–2024 compared to the previous year.
Sector Resilience
Despite various challenges, the Indian textile sector demonstrated resilience, particularly highlighted by the growth in cotton textiles during the previous fiscal year. Sunil Patwari, Chairman of the Cotton Textiles Export Promotion Council, emphasized the importance of addressing critical issues such as cotton prices and securing preferential access in key markets to sustain this growth momentum.
