CITI Analyzes T&A Trade in September 2023

CITI

14 October 2023, Mumbai

Textile Exports Up, Apparel Exports Down in September 2023
Key Findings:
Textile exports up 11.06% YoY in September 2023
Apparel exports down 11.23% YoY in September 2023
Cumulative textile and apparel exports up 1.77% YoY in September 2023, down 24.62% YoY
Indian textile and apparel exports down in April-September 2023
Conclusion:
The decline in textile and apparel exports in September 2023 and April-September 2023 is a matter of concern for the Indian textile industry.
The government and the industry need to work together to address the challenges facing the industry and support its growth.

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