India's Engineering, Textile, and Apparel Exports Grow Over 6% in FY 2024-2025
| Category | Details |
|---|---|
| Sector Performance | Engineering, textile, and apparel exports grew over 6% in FY 2024-2025 compared to FY24. |
| Engineering Goods Exports | - 6.74% YoY growth in FY25, rising from $109.3 billion (FY24) to $116.67 billion (FY25). |
| Concerns | - U.S. tariffs on iron, steel, and auto components may cause $4-5 billion annual loss. |
| - Increased competition from China in alternative markets. | |
| Textile and Apparel Exports | - 6.32% YoY growth in FY25, with apparel exports driving growth at 10.03%. |
| Market Impact | - March 2024: Engineering exports dipped 4% YoY to $10.82 billion due to global instability. |
| Challenges | - Rising trade barriers and shifting supply chains due to global trade war impacts. |
| Opportunities | - U.S.-China trade war offers India the chance to become a trusted alternative supplier. |