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

19 Aug 23 2 min read

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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