India’s textile exports crash 70%, imports rise 41% in Jan 2025
India's textile exports plunged 70 per cent in January 2025 to $271.7 million, mainly due to political unrest in Bangladesh disrupting payments. In contrast, textile imports surged over 41 per cent to $540.2 million, driven by changing price dynamics. Yarn exports saw the steepest decline. Overall, 2024 exports slightly rose year-on-year, while imports also edged higher.
India's textile exports plunged 70 per cent in January 2025 to $271.7 million, mainly due to political unrest in Bangladesh disrupting payments.
In contrast, textile imports surged over 41 per cent to $540.2 million, driven by changing price dynamics.
Yarn exports saw the steepest decline.
Overall, 2024 exports slightly rose year-on-year, while imports also edged higher.
