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India's fabric exports to Iran fail to improve despite trading in INR

19 Aug '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • India and Iran's arrangement to trade in INR since November 2019 has not boosted textile trade.
  • Fabric exports to Iran fell sharply in 2020 and have not recovered to 2019 levels.
  • In 2022, India's share in Iran's fabric imports was only 0.05 per cent.
  • India has started trading in INR with other countries including Sri Lanka, Nepal, Bangladesh, and Russia.

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