Khabar 24h SIMPLE EXPLAINERS ON WORLD AFFAIRS, SCIENCE, HEALTH AND MORE.

KHABAR 24H

Simple explainers on world affairs, science, health and more.

All news under one minute

Markets & Finance Read in one minute

Apparel output shrinks 7.4% in August while textiles grow

India’s industrial output grew a strong 8 per cent in August 2026, but the apparel sector kept sliding. The gap between textiles and garment manufacturing widened, according to official data. The Index of Industrial Production showed growth of 8 per cent in August, up from 6.7 per cent in July. Within manufacturing, 18 of 23 industry groups recorded positive growth, the statistics ministry said. Electrical equipment, other transport equipment and motor vehicles each grew more than 25 per cent. Wearing apparel, a bellwether of India’s exports, contracted 7.4 per cent in August. Its cumulative decline for April to August stands at 5.6 per cent. The upstream textile industry, by contrast, has logged firm upward momentum. Chief economist Madan Sabnavis of Bank of Baroda said apparel was hurt by weak exports, along with chemicals and pharmaceuticals. Mining de-grew, though minerals including rare earths rose 5 per cent. ICRA principal economist Rahul Agrawal noted that IIP growth averaged 7.7 per cent in July and August, up from 6.2 per cent in the first quarter of FY2027. He said strong volume growth could partly offset margin pressure from rising global commodity prices in the second quarter’s GDP numbers.

Avatar photo
Written by
Khabar 24h Editorial Desk

Khabar 24h Editorial Desk — our explainers are prepared by the Khabar 24h editorial team using AI-assisted research tools, and every piece is reviewed by a human editor before publishing. We do not claim original reporting: our work is turning complex topics into simple, accurate summaries. Spotted an error? Write to contact@khabar24h.com — our corrections policy aims for same-day review.

More from this author →

Leave a Reply

Your email address will not be published. Required fields are marked *