India is the second largest textile exporter in the world. In 2017, India's share in global trade of textiles and apparels was approximately 5 per cent. In FY19, total textile and clothing exports stood at US$ 36.62 billion and reached US$ 22.94 during April-November 2019.
India’s apparel exports are estimated to de-grow by 4-5% in FY2019, following a similar de-growth of 4% in FY 2018 and modest growth rates of 1% and 3% in FY2016 and FY2017 respectively
As for the global apparel trade, the same expanded for the second consecutive year in CY2018 (refers to Calendar Year) with a Y-o-Y growth of ~3%, following a 2% growth in CY2017 in US$ terms and contractions reported earlier in CY2015 and CY2016. The positive trend during the last two years has been led by the strong recovery in apparel imports by the European Union (EU), which accounts for almost two-fifth of the global apparel trade (including the trade within EU) and reported a growth of 5.8 ..