India’s textile exports reached US $ 5.86 billion in the first two months of FY ’25, up 5.4 per cent from US $ 5.56 billion in the same time last year, thanks to increased demand for summer clothing in the West, according to figures from the commerce ministry. Cotton yarn, textiles, and handloom goods had an 8.24 per cent increase in exports from US $ 1.8 billion in April and May of last year to US $ 1.95 billion.
The post-pandemic recovery in consumer spending, the desire for breathable and light materials in the summer, and the rising demand for ethically and sustainably made clothing from India are some of the causes of this surge in demand.
The expansion was also aided by a sharp increase in exports of ready-made clothing. From US $ 2.4 billion in April-May 2023 to US $ 2.55 billion in April-May 2024, the export value of ready-made clothing increased by 4.47 per cent. Handmade carpets and crafts also experienced impressive growth, with exports rising 11.49 per cent to US $ 273.66 million from US $ 245.46 million. Just carpet exports increased 11.76 per cent, from US $ 216.37 million to US $ 241.81 million.
Countries that import Indian textiles include Germany, Sweden and Spain. From US $ 210.35 million in April–May 2023 to US $ 223.65 million in April–May 2024, Germany’s imports increased by 6.32 per cent. Spain saw a 4.41 per cent increase in imports from US $ 180.56 million to US $ 188.52 million, while Sweden saw a 15.13 per cent increase from US $ 35.24 million to US $ 40.57 million.