Industry Odisha Bureau, Jun 17: Despite being deemed to be one among the top merchandise export products, Indian textile and apparel shipments reportedly experienced 2% decline in the fiscal year 2025-26 (FY26) in comparison with the previous FY25 as the worth of FY26 exports was reportedly $35.80 billion, while the worth of FY25’s exports of textile and apparel was reportedly $36.61 billion.
As per media reports, “The data of the Ministry of Commerce points to 1.78% Compound Annual Growth Rate (CAGR) of Indian textile and apparel exports from 2014-2015 ($29.47 billion) to FY 26, while it peaked to $37.54 billion in 2021-2022, and the growth falling 2 % last financial year (FY26).”
Among the multiple factors affecting the exports, depreciation of Indian currency rupee as well as the rupee-dollar exchange rate is reportedly attributed to be a major factor by the market experts apart from the high tariffs levied on India by the US Trump regime.
Citing a glaring instance, the market experts reportedly argued, “Indian rupee was at 86.60 per US$ on April 2, 2025, while it ended at 94.83 on March 31, 2026 in the FY 2025-26. The US orders fell in 2025-26, while the demand from China, Bangladesh and Sri Lanka picked up.”
Market experts also reportedly argued that, “While the US tariff deadline alarm triggered a rush in orders, the West Asia tension resulted in severe disruptions in the supply chain of raw materials leading to the export degrowth in FY26.”
