Readymade garments exports down by 12.12% to $6.61 bn during April-August

In rupee terms, the exports improved slightly due to currency fluctuations

Export of Ready Made Garments (RMG) continued its southward journey, recording a drop of 12.12 per cent to $6.61 billion from $7.522 billion from April to August in the corresponding time period last year due to the impact of the GST and the reduction in duty drawback.

The year started with a 22.78 per cent drop in April, from $1.747 billion a year ago to $1.349 billion in 2018. In August, the export touched $1.292 billion in 2018 as compared to $1.338 in 2017.  

But at the same time, the exports clocked a 5.03 per cent growth in rupee terms,