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Garments exports up 19.5% in Jan; highest in FY11

07 Mar 2011 Evaluate

Helped by rising demand in the US, India's apparel exports in January grew by 19.5% year-on-year, the highest in this fiscal to $1.14 billion. The exports stood at $957 million in January 2009-10. US accounts for about 40% of India's total garment exports. However, the apparel exports in the April-January period declined by 0.33% to $8.71 billion against the same period last year. Exports started growing in August 2010 after witnessing deceleration in the initial months of the current fiscal.

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