GST, stronger rupee may result in flat Indian apparel exports growth: AEPC

India has reported a marginal five per cent growth in apparel exports worth $6.9 billion for 5%

Indian apparel exports growth may remain flat or at the most see a marginal rise this year, due to factors like the goods and services tax (GST) implementation, rupee appreciation against the dollar and sluggish global demand.
 
Industry representatives have hazarded single-digit growth in apparel exports due to disruption in the textile value chain along with rise in raw material costs.
 
According to Rahul Mehta, president of the Clothing Manufacturers' Association India (CMAI), the rise in minimum wages and rupee appreciation have resulted in estimates of sluggish growth in apparel exports.
 
The rupee has risen to 64.2