Raw material price hike pinch India's textiles, apparel exports in 2022-23

According to Wazir Textile Index, almost all the top companies in the sector saw an increase in sales during the last financial year

After seeing a rise of 41 per cent in India’s textiles and apparel exports to $44.4 billion in 2021-22, the increase in cotton and yarn prices is leading to a demand drop of at least 10 per cent so far during the current financial year, say industry sources.

According to Wazir Textile Index, almost all the top companies in the sector – including Welspun, Vardhman, Arvind, Trident, KPR Mills, Indo Count, RSWM, Filatex, Nahar Spg, and Indorama – saw an increase in sales during the last financial year. Industry bodies say that this demand has declined during the first two