Increase in textile export after lifting of MFA

29 Nov '06

2 min read

The textile exports had been stagnating in the quota period in the range of US$10-13 billion. Textile exports recorded growth of 8.7 per cent in 2003-04; negative growth of 3.4 per cent in 2004-05.

However, in the first year of quota regime i.e. 2005-06, textile export increased from US$ 14.03 billion in 2004-05 to US$ 17.08 billion in 2005-06, recording a growth of 21.8 per cent.

As per latest available DGCI&S data, India's textile exports have amounted to US$ 6.1 billion during the period April-July, 2006 recording a growth of 16.08 per cent in comparison to the corresponding period of previous year.

As per latest available WTO data, the textiles and clothing exports of China and India during the year 2005 have been as follows:

Figures in Billion US Dollars
China reports export data of 41.05 and India 7.85 for textile and for clothing China reports export data of 74.16 and India 8.29. The total for China comes to 115.21 and for India 16.14 respectively.

Government has not made any assessment regarding the prospective export performance of India versus China during the next five/ten years.

However, the National Textile Policy, 2000 aims to reach India's textile export to a level of US$ 50 billion by the year 2010.

This information was given by the Minister of State for Textiles, Shri E.V.K.S. Elangovan, in a written reply to a question in Rajya Sabha.

Press Information Bureau Government of India

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