The cotton yarn price increase by Rs. 20 per kg last month has literally pushed the garment export sector into a difficult situation. The garment export sector has been passing through a challenging business environment further to implementation of GST and this could be apparently witnessed from the continuous declining of exports month-on-month basis since October 2017. The most worrying factor is that the negative trend in exports growth is continuing in the current financial year also and the average decline of knitwear exports in the month of April-May was 34 per cent.

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