Textile and garment imports, as a percentage of such exports, have surged from just about 13 per cent in FY14 to a record 25 per cent in the first eight months of this fiscal. Similarly, at 1.7 per cent, the share of textiles and garments in the country’s overall imports in the April-November period was the highest in recent memory. On the other hand, the labour-intensive sector’s share in the overall merchandise exports has been sliding consistently in recent years, having dropped from as much as 13.7 per cent in FY16 to just 10.27 per cent this fiscal (up to November), the lowest in at least a decade, said a report.

POSTED BY DAILY SHIPPING TIMES.