India’s exports of cotton yarn, fabrics, made-ups and handloom products and carpet declined in June 2022, which dragged down overall textile exports by 14.30 per cent. According to industry experts, export of cotton yarn and fabrics fell due to disparity in prices, while export of other textile products dropped due to slower demand amid economic volatility.
According to the figures released by ministry of commerce and industry, the export of cotton yarn, fabrics, made-ups, handloom products, etc reduced by 19.49 per cent to $961.73 million in June 2022. An analysis of Confederation of Indian Textile Industry (CITI) revealed that the export of carpet declined 8.97 per cent to $130.17 million and handicrafts excluding handmade carpet came down 28.68 per cent to $115.99 million. Therefore, overall cotton textile export dropped 14.30 per cent to $1699.61 million in June 2022.
However, the export of jute products including floor covering and man-made yarn, fabrics, made-ups etc improved in the same period which limited overall decline in textile segment.
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