Indias apparel exports expected to double by 2023
The Dollar Business Bureau India’s apparel exports are expected to double in the next eight years, increasing at a compounded annual growth rate of 9%, more than the average increase in global trade in the sector, a study said. The total export value will increase from $40 billion in 2013 to $95 billion in 2023, a media report said citing a study by research firm Technopak. The Indian textile and apparel market which was estimated at Rs. 3.20 lakh crore in 2013, is projected to touch Rs. 7.57 lakh crore in the coming eight years, the research said. On the other hand, the global textile and apparel trade is expected to grow at 5% during the period. In 2013, the ...
