Cotton yarn, materials and made-up exports elevated 6.78% in March from the year-earlier interval.
| Photo Credit: RAGU R
Textile and apparel exports, which had been underneath stress for greater than a 12 months, grew 6.91 % year-on 12 months in March. However, for the monetary 12 months 2023-2024, the exports contracted 3.24% from the year-earlier interval.
Cotton yarn, materials and made-up exports elevated 6.78 % in March from the year-earlier interval. For FY 24, these noticed a 6.71 % enhance year-on-year.
Apparel exports, which went up 1.7 % in final month in contrast with March 2023, suffered a ten.25% decline in fiscal 2023-2024 from 2022-2023.
According to Sunil Patwari, chairman of the Cotton Textiles Export Promotion Council, the growth of cotton textiles final monetary 12 months regardless of geo-strategic challenges confirmed the resilience of the Indian textile business. The new authorities to be fashioned on the Centre ought to deal with points equivalent to cotton costs and preferential entry in key markets to maintain the growth, he stated.
