Indian Economy News

India's readymade garment exports to surpass US$ 30 billion by 2027: Report

  • IBEF
  • November 23, 2022

According to a survey by rating agency CareEdge, Indian exports of readymade garments are expected to surpass US$ 30 billion by 2027, reflecting a 4.6-4.9% share of global exports, up from the current share of about 3%. 

In contrast to its low position in man-made fibre, which is expected to grow as a result of an expected free trade agreement with the UK and a production-linked incentive scheme, India has a strong presence throughout the cotton textile value chain, from fibre to fabric.

Additionally, having a presence along the whole value chain lowers shipping costs and lead times, giving consumers a solution that is affordable.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.