GST impact: After Sept surge, ready-made garment exports drop 41% in Oct

After seeing an increase of around 25 per cent in exports last month, ready-made garment (RMG) exports fell by nearly 41 per cent in October. 

Exporters have attributed the drop to the fall in order bookings as ambiguities related to GST have put India in a disadvantageous position against other competing nations.

RMG exports rose to Rs 10,707 crore in September 2017 from Rs 8,583.55 crore in the same month a year ago. In dollar terms, these figures were $1.662 billion as against $1.284 billion. Of the total RMG exports, 52 per cent were in the woven segment and 48