Due to the rupee, this fiscal year, the Indian textile industry exports could rise sharply, in the first quarter of this year has seen signs of recovery. Textile exporters, the rupee could lead to 5-10% this fiscal year, export growth, by contrast, exports a dismal 2012-13.

India clothing exporters association (CIAE) President Amit Goyal said: "because of the rupee, the textile export growth should be 5-10% this year, at the same time, also due to the Indian textile industry is more and more competitive. Therefore, after a few years after the downturn, the textile industry should get better this year."

According to the Indian foreign trade bureau of statistics, this fiscal quarter (April to June), textile exports small growth, exports of $7.766 billion from the same period last year increased by 0.3%, to $7.793 billion. 2012-13 textile exports fell 5%, to $31.718 billion, by contrast, export $33.371 billion in 2011-12.

This fiscal quarter rupees was depreciated by about 5% over the same period in 2012-13, the influence of the rupee has prompted garments export growth of 11.7% in April and June, to $3.076 billion, compared with the same period in 2012-13 exports of $3.437 billion. This is a healthy sign of textile export recovery.

The personage inside course of study says, because the production cost is higher, the market is moving from China to India.

2013-14 in the first quarter of textile exports accounted for the proportion of overall exports increased from 10.57% to 10.57%.

However, market segments, such as cotton textiles, artificial wool and wool, silk, etc., export performance is not very good. Cotton textiles exports decreased by 10.4% in the first quarter, to $2.336 billion, compared with the same period last year to $2.596 billion. Over the same period, wool exports fell 7.5%, to $2.326 billion, $2.596 billion during the same period last year, exports fell 8.6%, to $95 million, $104 million during the same period last year.

Surge in demand, however, the international market carpet, carpet exports (not including silk) increased by 12%, to $254 million, $226 million during the same period last year. Silk carpet growth from $1.4 million to $11.8 million.

In January 2013 - April, almost half of India's textile export countries had seen falling exports. For example, on China's textile exports fell by 27%. However, growth in exports to the United States and Bangladesh, growth of 7.5% and 7.5% respectively.

The personage inside course of study says, now raw materials exports to Bangladesh, India, China purchasing many Indian cotton yarn from the year before. Nearly 48% of the cotton yarn exports to China, therefore, they may set up a stock.

The United States imports 20% of its Indian garments, therefore, the United States market demand growth could prompt India textile export growth this year.

The source "of Chinese textile net"

Author: tai tai editor: lara