India's textile exports surge by 9.6 pc despite global headwinds

Despite challenging global economic conditions, India's textile and apparel exports saw significant growth in May 2024. The Confederation of Indian Textile Industry reported a near 10% increase in both sectors, contributing to an overall surge in the country's exports across various sectors including electronics and engineering goods.

India's textile exports surge by 9.6 pc despite global headwinds

India’s textile exports grew by 9.59 per cent in May this year compared to the same month of the previous year, despite unfavourable economic conditions in major markets such as the European Union (EU), the US and West Asian nations, according to a report by the Confederation of Indian Textile Industry (CITI). 

In addition, the country’s apparel exports saw an increase of 9.84 per cent during the same period, the report points out.