Ready-made garment exports drop 41% in Oct

Exports rose to Rs 10,707 crore in September from Rs 8,583.55 crore of the same month last year

After seeing an increase of around 25 per cent in exports in September, exports of ready-made garments fell by nearly 41 per cent in October.
 

Exporters say the drop is owing to ambiguities embedded in the goods and services tax (GST), which has put India in a disadvantageous position vis-á-vis competing nations.

Industry sources said after the GST was introduced, realisations had been affected by nearly five per cent, making Indian-made garments costlier by 12-15 per cent.

In October, exports of ready-made garments dipped by around 41 per cent in rupee terms to Rs 5,398.08 crore from Rs 9,100.75 crore during the