Home / Knowledge / News / Apparel/Garments / IMF predicts single digit growth in apparel exports
IMF predicts single digit growth in apparel exports
Nov '08
The International Monetary Fund (IMF) has recently forecast that there is a likelihood of growth rates in apparel export industry dropping in to single digits in the current fiscal (July-June) in Bangladesh due to the global recessionary trends which is a fallout of the financial meltdown. The IMF team is in Bangladesh to assess the impact of the financial crisis on the country.

IMF also said that GDP growth can also be expected to fall to 5.5 percent, instead of the 6.5 percent actually projected by the government. IMF has warned of adverse effects on the country's booming apparel export industry, other than the export growth rate figure sliding to around 9 percent.

The garment export industry has recorded a growth of between 14-21 percent in the last four fiscals except for in 2002-03 when it dipped to 9.39 percent. According to statistics released by the Export Promotion Bureau garments have clocked exceptional growth in the first two months of the current fiscal. Knitwear garments have grown by 52.84 percent and woven garments by 35.55 percent.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search