Question

”Garments have emerged as the star-performer in the Indian textile export scenario.” Elaborate.

30 Oct 2021
Answer :
Word Count : 842

Trends in Readymade Garments Export: Garments are the star-performer in the Indian textile exports. The sheer enormity of the achievement recorded by readymade garment segment is awe-inspiring.

Table clearly brings out this fact. The exports have gone up from $2583.41 m in 1993-94 to $4807.92 m in 1999-2000. 

The achievement over the years is there despite severe global competition. The noteworthy feature of all this is that the Indian garment industry is mostly in the smallscale sector with a moderate capital investment.

Although total exports from India in garments are much lower than some of its competitors like Hong Kong, South Korea or Taiwan, the growth rate achieved is far higher than any of them.

That is why the future appears very bright.

Year Exports
1993-94 2583.41
1994-95 3282.83
1995-96 3681.04
1996-97 3756.45
1997-98 3880.85
1998-99 4363.96
1999-2000 4807.92

The Indian garment sector has shown a steady growth over last few decades. Reasons for its swelling exports are as discussed below:

Rising Labour Costs in Development Markets: Many of the developed markets have found it tough to continue their garment manufacturing operations because of growing labour charges.

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