Apparel exporters fear tough year ahead as global orders fall

Demand from key importers and particularly, the United Arab Emirates, has gone down drastically

A decline in overseas demand from major markets like the UAE  has raised concern that India's apparel exports, which is a major foreign exchange earner for India, are slowing down for good.

After starting the calendar year with a high, both export values, as well as shipments, have consistently fallen. Extrapolated from government data and industry reports, the findings are part of a report released by US-based Drip Capital, a major provider of trade finance for SMEs.

Based on an analysis of macro-trends and proprietary data of 100 top apparel exporters in India with business worth about $32 billion year-till-date,