Home / Markets / Commodities / India's garment exports stagnant on high costs, compliance burden

India's garment exports stagnant on high costs, compliance burden

Recovery seen only if product base is diversified, orders are delivered faster

The $36-billion textile export sector, the third-largest foreign exchange earner for India, clocked only 0.75% growth in 2017-18, after a contraction in the past two years

Premium

The textiles and specialty garments sector has been a major employment generator with 45 million workers employed directly and 20 million indirectly

T E Narasimhan Chennai

4 min read Last Updated : Apr 19 2019 | 1:21 AM IST

Textiles and readymade garment exports may see some recovery after a poor run of five years if exporters stand up to the challenges. Industry insiders say that the fall in exports was due to India’s textiles not being competitive enough, buyers insisting on several compliance norms for which a large part of industry was not prepared and other trade issues. There could be a recovery if the product base diversified, orders are delivered faster and compliance improves.

Exports of Ready Made Garments are under pressure. Exports dropped 3.46 per cent to $16.37 billion in 2018-19 from $16.7147 billion in the

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in