Global textile & apparel markets to remain subdued in 2012

As a result, global GDP is expected to grow by only 2.1% in 2012 after increasing by 2.5% in 2011 and by 4.1% in 2010.

Nevertheless, emerging markets and, in particular, the so-called BRIC countries -- comprising Brazil, Russia, India and China -- will continue to be the key to sustaining global trade growth over the coming years.

In India, for instance, the domestic market for textiles and clothing is forecast to increase in value by 169% over the ten-year period between 2010 and 2020, from an estimated US$52 bn to US$140 bn.

Textiles Intelligence