India's cotton textile exports grow 40.72% in November 2021

02 Dec '21

1 min read

Pic: Vishakha Shah | Dreamstime.com

India’s exports of textiles, covering cotton yarn/fabrics/made-ups, handloom products, etc increased by a substantial 40.72 per cent to $1.227 billion in November 2021, compared to $872.55 million in the same month of the previous year, according to the preliminary data on merchandise trade released by the ministry of commerce and industry.

Readymade garment exports of all textiles increased slightly by 2.72 per cent from $1.043 billion in November 2020 to $1.072 billion last month, the data showed.

Pic: twitter.com/PiyushGoyal

India’s merchandise exports in November 2021 stood at $29.88 billion, showing an increase of 26.49 per cent over $23.62 billion in November 2020 and an increase of 15.93 per cent over $25.77 billion in November 2019.

Cumulative value of exports from India for the period April-November 2021 was $262.46 billion, an increase of 50.71 per cent over $174.15 billion in April-November 2020 and an increase of 24.29 per cent over $211.17 billion in April-November 2019.

The trade deficit in November 2021 was $23.27 billion, while it was $121.98 billion during April-November 2021.

Fibre2Fashion News Desk (RKS)

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