Textile exports to newer markets gaining momentum in last 2 years

摘要

For years, the Indian textile industry has earned its bread and butter through exports to the US and Europe. Now, especially after the 2008 recession and the prevailing economic gloom in the EU markets, the industry is wary of betting high on western markets. As a result, a slew of newer markets are being explored, with increasing success. Consider the following. In 2008-09, more than 60% of cotton textile exports (yam, fabrics and made-ups) has been to the Europe and US. In two years, this has come down below 45%, according to data from Global Trade Information Services, Geneva.