News / India gears up to 'clear the trade bottlenecks' as RMG exports decline

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The Indian RMG (ready-made garment) industry that saw sourcing shifting from China as a lucrative opportunity, seems to be struggling as regional competition for market share heats up.

Indian RMG exports by value have seen a sharp decline in the current fiscal year, which began in April as total trade has slid 17.6% year on year, to $4.8bn, with a YoY fall in July of 17.4%, official data shows.

The latest figures not only present a gloomy outlook for RMG exports, but ...