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- India’s textile exports have increased by 9.59% in May 2024
- In May 2024, India’s textile exports have grown despite unfavorable conditions in major markets like EU, US and West Asian nations.
- India’s apparel exports have also grown by 9.84% in May 2024.
- In May 2024, cumulative exports of textiles and apparel grew by 9.70% over May 2023.
- India’s overall exports for May 2024 increased to 68.29 billion US Dollars.
- This was a year-on-year increase of 10.2% according to Commerce Ministry data released on 14 June.
- During April-May 2024, India’s textile exports showed a growth of 6.04% over the previous year.
- During the same period, apparel exports showed a growth of 4.46% over the previous year.
- The US, UAE, Netherlands, UK, China, Singapore, Saudi Arabia, Bangladesh, Germany, and France were among India’s top ten export markets.
- Merchandise exports increased 9.1% to USD 38.13 billion. Service exports increased 11.7% to USD 30.16 billion.
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