Textile exports registered 41% growth during April-December 2021

Textile exports registered 41% growth during April-December 2021

Ministry of Textiles stated that this implies a robust growth of approximately 41 per cent as compared to the year ago period.

AgenciesUpdated: Thursday, January 13, 2022, 02:29 PM IST
article-image
There was a deceleration in textile exports due to the Covid-19 pandemic that disrupted the supply chain and demand in FY21. | Photo: Pixabay

The total textiles and apparels exports, including handicrafts, stood at $29.8 bn as compared to $21.2 bn for the corresponding period of the previous year, during the period between April and December, 2021.

Ministry of Textiles stated that this implies a robust growth of approximately 41 per cent as compared to the year ago period.

There was a deceleration in textile exports due to the Covid-19 pandemic that disrupted the supply chain and demand in FY21.

The government has set a target of $44 billion for textiles and apparel exports.

(With inputs from IANS)

RECENT STORIES

$6.4 Billion Takeover: IBM Acquires Cloud Software Provider HashiCorp

$6.4 Billion Takeover: IBM Acquires Cloud Software Provider HashiCorp

Which Countries Have Inheritance Tax? From Japan To Belgium, Here's The Complete List

Which Countries Have Inheritance Tax? From Japan To Belgium, Here's The Complete List

Prominent Sectors That Investor Should Have Keen Eye On Amidst Changing Regimes

Prominent Sectors That Investor Should Have Keen Eye On Amidst Changing Regimes

SBI-SG Global Securities Services Pvt. Ltd. Honored With 'Best Road Safety Project Of The Year'...

SBI-SG Global Securities Services Pvt. Ltd. Honored With 'Best Road Safety Project Of The Year'...

Inheritance Tax Row: Estate Tax Was Abolished Just Before Indira Gandhi's Transfer Of Properties

Inheritance Tax Row: Estate Tax Was  Abolished Just Before Indira Gandhi's Transfer Of Properties