Bangladesh crisis results in 10-20% increase in India’s garment export

According to executives and industry associations, the political unrest in Bangladesh may result in a 10–20% increase in export orders for India’s apparel sector over the course of the next 18 months.

India’s garment exports might increase by $2–3 billion a year in value. The previous fiscal year’s exports were $14.5 billion.

Although exporters warn New Delhi has to be prepared for a potential trade diversion caused by the political instability in the eastern neighbor, one of the top garment exporters in the world, the local textile sector is in a wait-and-watch mode. “India stands to gain from exports of clothing. According to Sanjay Jain, head of the Indian Chamber of Commerce’s National Expert Committee on Textiles, “we anticipate a 10-15% gain on garment exports in the short to medium term.