CITI reports promising growth in Indian textile exports: 12.76% surge in December 2024
By IFAB MEDIA - NEWS BUREAU -January 17, 2025 | 1053 minutes read
Rakesh Mehra, Chairman, CITI
As per the analysis of quick estimates done by the Confederation of Indian Textile Industry (CITI), India’s textile exports showed a significant growth of 12.76% in Dec 24 as compared to last year while apparel exports increased by about 12.89% during this period, showcasing a significant upward trajectory in exports.
The analysis of Quick estimates shows that during Jan-Dec 2024, exports of Textiles increased by 6% while exports of apparel increased by 8.4% compared to Jan-Dec 2023. Cumulative exports of T&A increased by 7% during this period.
“Our increased exports show the sector's resilience to global uncertainties and are attributed to timely and targeted policy interventions by the Government. Under the dynamic leadership of Hon’ble Textile Minister, Shri Giriraj Singh, the Indian T&A industry remains optimistic about its continued growth”, cited Rakesh Mehra, Chairman, CITI.
CITI Analysis of Exports and Imports of T&A for December 2024
- During Dec’24, Indian Textile exports were about 12.76% higher as compared to Dec’23 while Apparel exports registered a growth of 12.89% during the same time period.
- Cumulative exports of Textiles and Apparel during Dec’24 have registered a growth of 12.82% over Dec’23.
- During Apr-Dec’24, Indian Textiles exports registered a growth of 4.87% over the previous year while Apparel exports registered a growth of 11.58% during the same time.
- Cumulative exports of Textiles and Apparel during Apr-Dec’24 have registered a growth of 7.63% as compared to Apr-Dec’23.
- The analysis of Quick estimates shows that during Jan-Dec 2024, exports of Textiles increased by 6% while exports of apparels increased by 8.4% compared to Jan-Dec 2023. Cumulative exports of T&A increased by 7% during this period.
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