Home / News / India /  Textile exports up 31% so far in FY22, nears $30 billion
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NEW DELHI: India's textile exports during April-December 2021 touched $29.8 billion, up 31% year-on-year.

The textile ministry said that the textile sector has maintained trade surplus with exports higher than imports. In FY21, there was a deceleration in textile exports due to pandemic disrupting the supply chain and demand.

Signs of recovery, however, arose in 2021-22, it added.

"During April-December, 2021 the total Textiles & Apparel including Handicrafts exports was $29.8 billion as compared to $21.2 billion for the same period last year. Growth signals an economic rebound," as per the ministry's statement.

Overall, textile sector's exports, comprising textile, apparel, and handicraft, rose 14.6% year-on-year during April-December. Cotton yarn, fabrics, made-ups and handloom products rose 43% on year during the period, and jute products exports increased 33%.

Centre has set a target of $44 billion worth of exports for the sector for this fiscal, and 67% of this target has been achieved. The industry is hopeful that export target will be met.

India's exports in December rose a record 37% year-on-year to $37.29 billion. This is the highest-ever monthly achievement of exports so far. Exports stood at more than $27.22 billion in December 2020. The exports growth last month is also a 37.55% jump over December 2019, when it stood at $27.11 billion.

Merchandise exports in April-December was at $299.74 billion, an increase of 48.85% over $201.37 billion recorded in the year-ago period.

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