After witnessing a 17 pc decline in April-June quarter, Indian textile and clothing exports have revived to an 11 pc surge in July under favorable government policies which prompted the government to expedite refund on state and Goods and Services Tax (GST) levies on raw materials and rupee depreciation helped Indian exporters to expedite execution of orders and also receivables.
According to the DGCIS data, total textiles and apparel exports were at Rs 196.36 billion ($ 2.86 billion) for July 2018 compared to Rs 176.92 billion ($2.74 billion) for the corresponding month last year. Total textiles exports witnessed a jump of 15 per cent to Rs 108.79 billion ($1.58 billion) for July 2018 versus Rs 94.29 billion ($ 1.46 billion) in the comparable month of previous year.
India’s apparel exports recorded a jump of 6 per cent to Rs 87.57 billion ($1.27 billion) for July 2018 as against Rs 82.63 billion ($1.28 billion) for the same month last year.
