Dhaka, Sunday, 15 September 2019

India’s textile export sees positive growth in March ’19: CITI

2019-05-25
India’s textile export sees positive growth in March ’19: CITI

Apparel Desk: As per an analysis by CITI there has been a decline in exports of all textile products except cotton yarn/fabric/made-ups, handloom products etc, and carpet in March 2019 as compared to March 2018. However, exports of total textiles have shown a slight increase during the period. IIP of textiles in February 2019 went down (YoY basis), which reflects sync with textiles exports of man-made yarn/fabrics/made-ups etc. Jute Manufacturing including floor covering and handicrafts handmade carpet. As per the statistics exports of cotton yarn/fabrics/made-ups, handloom products etc, increased by 9.22 per cent to $11,206.44 million in March 2019 as compared to March 2018.

Export of carpets also increased by 3.63 per cent to $1,481. Export of apparels however, declined by 3.40 per cent to $16, 138.94 million.

Import of textile, yarn fabric and madeup articles increased by 3.62 per cent to $1,903 million in March 2019 ascompared to the corresponding period previous year.

IIP Index registers 0.1 per cent growth

The General IIP Index for February 2019 was 0.1 percent higher as compared to the level in the month of February 2018. Cumulative growth for the period April-February 2018-19 over the corresponding period of the previous year stands at 4.0 per cent.

Excluding apparels, growth in the textiles sector declined by 1.3 per cent in February 2019 over the same period previous year. Wearing apparel segment however, increased 19.3 per cent in February 2019 over the same month previous year.

Industry grows by 5.6 per cent

The cumulative change for April- February 2018-19 for textiles saw an increase of 1.3 per cent and that of wearing apparel 11.6 per cent over the same period previous year.

The textile and clothing industry, as a whole, grew by 5.6 per cent in February 2019 over the same month previous last year while it grew by 4.5 per cent during cumulative period April-February 2018-19 over the same period previous year.

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