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India’s textile exports rise over 50% in August 2021




Textiles and garments exports from India have shown a positive growth in the month of August 2021, the ministry of commerce & industry said based on estimates made by the Reserve Bank of India. While cotton and man-made textiles are estimated to have grown by over 50 per cent year-on-year, readymade garment exports have increased by nearly 15 per cent.

India’s total merchandise exports in August 2021 were $33.28 billion, as compared to $22.83 billion in August 2020, exhibiting a positive growth of 45.76 per cent. In rupee terms, exports were ₹2,46,863.37 crore in August 2021, as compared to ₹1,70,470.61 crore in August 2020, registering a positive growth of 44.81 per cent. As compared to August 2019, exports in August 2021 exhibited a positive growth of 28.03 per cent in dollar terms and 33.50 per cent in rupee terms.

The commodities/commodity groups which have recorded positive growth during August 2021 vis-à-vis August 2020 include cotton yarn/fabrics/made-ups, handloom products etc (55.84 per cent), man-made yarn/fabrics/made-ups etc (51.71 per cent), jute manufacturing including floor covering (25.3 per cent), readymade garments of all textiles (14.15 per cent), leather & leather products (8.37 per cent) and carpet (6.93 per cent).

Textiles and garments exports from India have shown a positive growth in the month of August 2021, the ministry of commerce & industry said based on estimates made by the Reserve Bank of India. While cotton and man-made textiles are estimated to have grown by over 50 per cent year-on-year, readymade garment exports have increased by nearly 15 per cent.

Cumulative value of exports for the period April-August 2021 was $164.10 billion (₹12,14,442.50 crore) as against $98.06 billion (₹7,38,849.55 crore) during the period April-August 2020, registering a positive growth of 67.33 per cent in dollar terms (positive growth of 64.37 per cent in rupee terms). As compared to April-August 2019, exports in April-August 2021 exhibited a positive growth of 23.25 per cent in dollar terms and 30.83 per cent in rupee terms, an official release said.

Imports in August 2021 were $47.09 billion (₹3,49,301.90 crore), which is an increase of 51.72 per cent in dollar terms and 50.73 per cent in rupee terms over imports of $31.03 billion (₹2,31,736.82 crore) in August 2020. Imports in August 2021 have registered a positive growth of 18.15 per cent in dollar terms and 23.20 per cent in rupee terms in comparison to August 2019.

Cumulative value of imports for the period April-August 2021 was $219.63 billion (₹16,26,077.93 crore), as against $121.42 billion (₹9,14,778.03 crore) during the period April-August 2020, registering a positive growth of 80.89 per cent in dollar terms and a positive growth of 77.76 per cent in rupee terms. Imports in April-August 2021 have registered a positive growth of 4.39 per cent in dollar terms and positive growth of 10.87 per cent in rupee terms in comparison to April-August 2019.

Fibre2Fashion News Desk (RKS)





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