Indian textile exports decline by 12.4% in June 2023

Steepest drop since pandemic began

The textile export sector in India has been significantly impacted by the ongoing pandemic, experiencing a steep decline of 12.4% in June 2023 when compared to the corresponding month in the previous year.

This marks the most substantial decrease since the onset of the COVID-19 pandemic. The primary contributing factors to this downturn include the global economic deceleration, elevated inflation rates, and persistent supply chain disruptions.