India’s readymade garment (RMG) exports increased by 7.22 per cent to $10,358 million in the first eight months of the current fiscal 2022-23 (April to November 2022), as per the data released by the department of commerce under India’s ministry of commerce and industry. RMG exports were noted at $9,660 million in the same period of last year.
The exports of cotton yarn, fabrics, made-ups, and handloom products declined by 25.79 per cent to $7,315.79 million in April-November 2022 from $9,857.62 million in the corresponding period of last fiscal. Carpet exports came down by 21.91 per cent to $932.12 million from $1,193.68 million in the same period in the last fiscal. Man-made yarn, fabrics and made ups exports went down by 8.28 per cent year-over-year (YoY) to $3,290.90 million from $3,587.87 million in the same period.
India’s RMG exports increased by 11.20 per cent to $1,198.09 million in November 2022. The exports were noted at $1,072.64 billion in the same period of last year. But the exports of cotton yarn, fabrics, made-ups, and handloom products declined by 34.53 per cent YoY to $803.17 million from $1,226.69 million. Carpet exports fell 22.61 per cent to $115.06 million from $148.68 million in the same period. Man-made yarn, fabrics and made ups exports came down by 17.74 per cent to $355.37 million from $432 million in the same period.
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