Indian cotton textile exports have shrunk sharply since May

This year, Indian cotton textile exports have shrunk sharply since May, and its proportion of textile and apparel exports also fell from 36.5% in January to near 30%, down more than 6pp, and nearly 10 pp from the high point. It shows that India's cotton textile exports are significantly hampered. In addition to weakening demand with external orders, it may also relate to the decline in competitiveness of Indian cotton textiles due to the continued high cotton prices in India last year.