Wednesday, May 18, 2022
News

Textile exports registered 41% growth during Apr-Dec 2021

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Thursday, 2022 5:15:07 AM IST
During the period between April and December, 2021, total textiles and apparels exports, including handicrafts, stood at $29.8 billion as compared to $21.2 billion recorded for the corresponding period of the previous year.

This implies a robust growth of approximately 41 per cent as compared to the year ago period, the Ministry of Textiles said in a statement on Wednesday.

In FY 2020-21, there was a deceleration in textile exports due to the Covid-19 pandemic that disrupted the supply chain and demand.

However, signs of recovery are visible in FY 2021-22 and this growth signals an economic rebound, the statement said.

The government has set a target of $44 billion for textiles and apparel exports, including handicrafts, and approximately 68 per cent of the annual target has already been achieved.

The last quarter of a financial year always has higher activity than the earlier ones. Even compared to the pre-pandemic year, i.e., 2019-20, textile sector exports increased by 14.6 per cent in April- December 2021 as compared to April-December 2019.

Textiles exhibited an increase in exports of 31 per cent, cotton yarn/fabrics/made-ups, handloom products etc. exhibited an increase of 43 per cent and jute products exhibited an increase of 33 per cent in the April-December 2021 period as compared to April-December, 2019.

--IANS nk/arm

( 226 Words)

2022-01-12-23:02:03 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Akash combines Priyanka Chopra and the h...
Amorepacific employees embezzle corporat...
Supertech twin towers demolition: SC ext...
Airtel announces appointment of new Inde...
Roberta Torresan was elated having won t...
Bring home BRAVIA X75K TV series for lif...
More...
 
INDIA WORLD ASIA
Right wing activists protest demanding r...
Assam Class 11 state board exams suspend...
3 charred to death in car-truck collisio...
MP Govt submits 2nd report of OBC Commis...
Gujarat BJP's call to adopt malnourished...
SC orders protection of 'Shivling' found...
More...    
 
 Top Stories
Jamaican Foreign Minister hails Ind... 
India's top NEET educators collabor... 
Cabinet approves amendments to Nati... 
IWL: PIFA determined to earn full p... 
12th HI Sub Junior Women National C... 
TRS MLC K Kavitha urges Centre to r... 
Congress leaders more focused on 'c... 
Finland and Sweden submit applicati...