Despite recovery in exports to US, India's textile exports decline 8%

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Despite recovery in shipments to the US, the country’s textile and apparel exports fell by 8 per cent in the first eight months (April-November) of the current fiscal year, with contractions in those to the European Union (EU) and West Asia.

On the other hand, textile and apparel imports in the period jumped 15 per cent, compared to the previous year.

Data compiled by the Directorate General of Commercial Intelligence and Statistics under the Union Ministry of Commerce and Insustry showed India’s exports at $21.7 billion ( Rs 1.54 trillion) for the period, down over 8 per cent from $23.6 billion