Apparel exports continued to grow, registering an 11.84% year-on-year increase in July 2024. While textile exports last month remained almost the same at $ 1660.36 million as against $ 1663.06 million in July 2023, apparel exports were $ 1,277.2 million compared with $ 1,141.95 million last July. The cumulative year-on-year growth of the textile and apparel sector in July 2024 was 4.73 % and for the April – July period, the total textile and apparel exports grew 4.24 % this year.
Imports continued to be a matter of concern for the industry, with yarn, fabric, and made-up imports registering a 5.30 % increase in April – July 2024 compared with April – July last year, according to the Confederation of Indian Textile Industry.