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Carpets exports grow 18% in H1 of fiscal 11'
14
Oct '10
A slight decline in the demand from US and European markets, has caused India's carpet export to fall marginally from last September's $ 76.01 million to $ 75.98 million this year.

The product categories that depicted positive results include synthetic carpets with a rise of 12.80 percent, silk carpets with 11.26 percent and handmade woollen tufted carpets with 5.16 per cent.

Carpet exports have grown by 18.37 percent to $302.39 million in the initial six months of this fiscal, as against corresponding period last fiscal. Also this growth is expected to go up to 25 percent and touch $650 million by close of the financial year.

Carpet exports which begun to slump since October 2008, started to recover through November 2009 to depict a growth of 18 percent. There are around 2.5 million people who depend on the sector to earn their livelihood.

Fibre2fashion News Desk - India

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