Garment Exports from India
India is a major player in the global garment industry and is one of the largest exporters of textiles and clothing in the world. The garment industry in India is highly diversified, with a range of products including cotton and silk garments, woolen clothing, readymade garments, and accessories.
According to data from the Ministry of Commerce and Industry, India's garment exports were valued at around $21 billion in the financial year 2020-21. The country's major garment export destinations include the USA, the UK, Germany, France, Italy, Spain, and the Netherlands.
Some of the key factors driving India's garment exports are its abundant supply of raw materials, skilled labor force, and low production costs. Additionally, the government of India has introduced various initiatives to support the garment industry, including the Technology Upgradation Fund Scheme, the Scheme for Integrated Textile Parks, and the Integrated Skill Development Scheme.
However, the garment industry in India also faces several challenges, such as the high cost of energy and transportation, lack of modernization and automation, and competition from other low-cost manufacturing countries like Bangladesh and Vietnam. Nevertheless, the Indian garment industry continues to be a significant contributor to the country's economy and a major employer of its workforce.