Garments exports from India in the first six months of the current financial year have registered an 8.5% increase compared to a 15% decline in the same period the year before. In September alone, India recorded a 17.3% year-on-year increase in apparel exports.
The disruption caused by the political turmoil in Bangladesh has resulted in a fall in exports from the country, a hub for textile supply across the globe. Bangladesh's apparel exports to the US, its largest export destination, fell 11% to $3.40 billion in January-June 2024 as against $3.82 billion in the same period in 2023. Indian exporters seem to be benefiting from this disruption.
This story is from the November 03, 2024 edition of The Morning Standard.
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This story is from the November 03, 2024 edition of The Morning Standard.
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