Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis
Subscribe to enjoy similar stories. Indian textile exports are showing signs of recovery in FY25, with demand from European markets playing a crucial role in boosting figures, according to data from the ministry of commerce and industry. Exports to Europe during the April-October period reached $5.66 billion, marking a 6.39% increase compared to $5.32 billion in the same period of FY24.
However, the numbers still fall short of the $5.84 billion achieved during FY23, the commerce ministry data showed, highlighting recovery challenges despite the growing interest in Indian textiles across key European nations. As per the Niryat portal of the ministry, ready-made garments (RMGs) led the surge, contributing $3.18 billion. Cotton yarn, fabrics, made-ups, and handloom products followed, accounting for $1.10 billion.
The demand for textiles during the first seven months of the current fiscal was strong from Germany, Italy, Sweden, Finland, Switzerland, Turkey, Latvia, Austria, Greece, the UK, the Czech Republic, Poland and Slovenia. In FY24, key markets included Sweden, the Czech Republic, Bulgaria, Switzerland, Finland, the Netherlands and Ireland, while new traction emerged from Austria, Greece and Slovenia. Europe’s share in India’s textile exports stood at $9.66 billion in FY24, representing 28.08% of the total $34.40 billion.
This was a decline from FY23, when Europe accounted for $10.48 billion or 29.48% of the total $35.55 billion. In FY25 (April-October), Europe contributed $5.66 billion, accounting for 27.34% of the total $20.70 billion in India’s textile exports. "The increased demand for Indian textiles in European markets can be partly attributed to the ongoing crisis in Bangladesh.
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