Bigger India
Apparel exports to the US: India posts second-highest growth among top 5
While the Indian apparel industry is pinning its hopes on competing nations like Bangladesh and China to continue lowering exports to the US, it has also sought certain measures from the government to ensure a resurgence in overall exports.
While US President Donald Trump’s ‘America First’ approach to curb imports of several products might have been a cause for concern to India, the apparel sector seems to be an exception. During the January-November period of 2017, India emerged as the only large apparel-sourcing destination other than Vietnam to post a jump in exports to the US.
According to the US government trade data, among the top five apparel exporters to the country, Vietnam posted a 7.42 per cent growth in exports, while India saw its exports rising 2.19 per cent during the period on a year-on-year basis, show data from the Office of Textiles and Apparel (Otexa), under the US Department of Commerce. For India, the growth came despite its overall month-wise apparel export growth declining October and November 2017.