India's garment exports stagnant on high costs, compliance burden

Recovery seen only if product base is diversified, orders are delivered faster

Textiles and readymade garment exports may see some recovery after a poor run of five years if exporters stand up to the challenges. Industry insiders say that the fall in exports was due to India’s textiles not being competitive enough, buyers insisting on several compliance norms for which a large part of industry was not prepared and other trade issues. There could be a recovery if the product base diversified, orders are delivered faster and compliance improves.

Exports of Ready Made Garments are under pressure. Exports dropped 3.46 per cent to $16.37 billion in 2018-19 from $16.7147 billion in the