India's readymade garment exports stitch recovery, helped by tax break

Readymade garment (RMG) exports are picking up after a slump lasting almost two years, buoyed by the government increasing tax rebate and helping the sector with other measures.

Garment exports rose by nearly 14.05 per cent to $1.528 billion in May 2019 compared to $1.339 billion in the same month last year. Experts said Indian products are costlier by 10-15 per cent, but buyers are still interested to source from the country. 

Exports decreased year-on-year in the last two financial years, but the industry is now expected to grow by 8-10 per cent. 

In 2016-17, the total garment export was