Mapping India's Apparel Export Dynamics: Performance Trends with Global Partners
India’s apparel exports play a crucial role in the country’s trade landscape, contributing significantly to foreign exchange earnings. This study analyzes the growth trends, market performance, and volatility of India’s apparel exports across five major trade partners—USA, UK, Germany, UAE, and Bangladesh—over the period 2013–2023. Using export data, the study examines trade fluctuations, identifies long-term growth patterns through Compound Annual Growth Rate (CAGR) analysis, and assesses stability using the Coefficient of Variation (CV). Findings reveal that the USA remains India’s dominant apparel export market, exhibiting steady growth. Conversely, exports to Germany and the UK have shown a declining trend, indicating rising competition. UAE, once a key destination, has experienced significant fluctuations, suggesting shifting trade dynamics. Bangladesh continues to be the smallest market but remains relatively stable. The Kruskal-Wallis test confirms significant differences in India’s export performance across these markets. High volatility in Bangladesh and UAE indicates an unstable demand structure, whereas Germany and the UK demonstrate more stability. These insights highlight the need for policy interventions and strategic diversification to sustain long-term growth. Further research could explore trade agreements, supply chain dynamics, and competitive strategies to enhance India’s apparel export resilience.
Authors
- S. Padma Ishwarya (ORCID: https://orcid.org/0000-0002-1657-4872)
- K. Vanaja
Publication Details
- Journal
- International journal of research and scientific innovation
- Published
- 2025-01-01
- DOI
- https://doi.org/10.51244/ijrsi.2025.12060037
- Primary Topic
- Indian Economic and Social Development
- Type
- article
- Field-Weighted Citation Impact
- 0.00