Related Keywords: Apparel Export Promotion Council, competing markets such as Vietnam and Bangladesh, domestic market, estimates close at one point twelve lakh crore, for a consecutive year in FY, growth in apparel export may stay muted, heavy reliance on cotton, Indian apparel industry, roughly two percent growth, Subdued demand from key importing countries
With subdued demand from key importing countries, the growth in apparel export may stay muted for a consecutive year in FY17. According to the Apparel Export Promotion Council’s (AEPC’s) estimates, it is likely to close at $17.3 billion (Rs1.12 lakh crore) in 2016-17, up by roughly two percent from $16.9 billion (Rs 1.10 lakh crore) in the previous financial year.
