India’s apparel imports increased by 43.58 per cent Y-o-Y in FY’22 to $1,28 billion. As per an Apparel Resources report, India’s imports of knitted garments surged by 54.12 per cent while the import of woven garments increased by 35.09 per cent to $ 659.61 million.
Imports from Bangladesh increased by 78.87 per cent to $523.04 million and accounted for 41.34 per cent share in total Indian apparel import values. Bangladesh surpassed China to become top destination for India buyers as imports from China remained stagnant at $297.73 million in FY ’22.
India’s apparel imports from Spain increased by 36,28 per cent Y-o-Y to $104.24 million. India’s apparel imports will continue growing as its fashion retail market is registering a M-o-M increase in its sales revenues.
