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RMG exports fail to touch pre-Covid level; slowdown concerns remain

In November and December 2022-23, RMG exports saw a rise of 12 per cent and 1 per cent respectively

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Out of the total knitwear exports from India, 63 per cent is going to the US (34 per cent) and Europe (29 per cent), followed by 9 per cent to the UK

Shine Jacob Chennai
When India’s ready-made garments (RMG) exports were expected to touch the pre-Covid level, the ongoing recession and war in the Westerns world have become a roadblock for the sector. RMG exports from India touched $11.841 billion during the first nine months of the financial year 2022-23, up 6.5 per cent from $11.123 billion in 2021-22, based on data shared by Tirupur Exporters Association (TEA).

The current year’s numbers are 44 per cent higher compared to first nine months of 2020-21 ($8.199 billion), while it had already touched $12.386 billion during the April to December period of 2017-18. In November

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First Published: Jan 17 2023 | 11:30 PM IST

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