Textile exports may still decline

摘要

The over $50-billion domestic textile industry has appreciated the recovery in the US economy during the September quarter. But industry players have also expressed doubts whether the development will help the industry's exports end with a positiverngrowth in the current financial year. The US economy, which grew at an annu-alized rate of 3.5 per cent in the July-September period, is the largest import market for domestic textiles, consuming close to 40 per cent of India textiles exports.