Interviews
India's textile & clothing exports fall 5.84% in FY20
25 Apr '20
1 min read
Pic: Evdoha_spb / Shutterstock.com
Textile and clothing exports from India fell 5.84 per cent to $33.8 billion in fiscal 2019-20 ending March 31, 2020, compared to exports of $35.9 billion in the previous fiscal, according to data. Industry was hopeful of closing the financial year at same level as in 2018-19, but a sharp 32.2 per cent year-on-year decline in March exports turned the table.
Category-wise, clothing exports dropped 4.34 per cent to $15.4 billion during April 2019 to March 2020, compared to exports of $16.1 billion during the same period of the previous fiscal. In March alone, exports plummeted 35 per cent year-on-year, the data showed.
Textile (excluding clothing) exports dipped around 7 per cent to $18.4 billion in 2019-20, as against exports of $19.8 billion during 2018-19.
Due to the ongoing COVID-19 crisis and lockdowns, April exports are likely to be worse than March.
Fibre2Fashion News Desk (RKS)
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
