Source: Tecoya Trend

NEW DELHI, JAN. 13

Textile sector has continuously maintained trade surplus with exports manifold higher than imports. In FY 2020-21 there was a deceleration in textile exports due to pandemic disrupting the supply chain and demand. However, signs of recovery are visible in 2021-22.

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

Export for whole sector (Textiles & Apparel including Handicrafts) increased by 14.6% from April- December 2021 as compared to last year. Textiles exhibited an increase in export of 31%, Cotton Yarn/ Fabrics/ Made-ups, Handloom products etc. exhibited an increase of 43% and Jute products exhibited an increase of 33% from April- Dec 2021 as compared to last year. (Source: Tecoya Trend)