India, April 22 -- India's textile exports, including handicrafts, grew 2.1% to Rs 3.16 lakh crore in the financial year ended March 2026, up from Rs 3.09 lakh crore in the previous year, according to the government.
The growth came despite challenges faced by the sector, particularly steep tariffs imposed by the US, India's largest export market, for a major part of the fiscal year.
The reciprocal tariff regime began at 10% on April 2, 2025, and was quickly raised—reaching 25% by August 7 and further climbing to 50% by August 28, where it remained until early February 2026.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....