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India to take a lead in export growth-rate

03
Apr '07
From the total textile and garment export value, China is far above India. In the period of 2000 to 2006, China's textile and garment exports increased from US $48 billion to $119.8 billion, with growth rate reaching 149 percent.

During this period India's textile and apparel exports increased from $9.8 billion to $16 billion, an increase of 63 percent.

China's growth rate is much higher than India. In the past four years, textile and garment exports maintained a growth rate of more than 20 percent, while that of India was only 10 percent.

However, after the US and Europe imposed anti-dumping restrictions on China in 2006, some of the orders flowed into India. Resulting export growth rate stood at 18 percent last year, very close to China. India's growth rate is expected to overtake China in the next few years.

Chinese exports stood at $119.86 billion in 2006, while India marked $16.04 billion of exports. It would take India at least 10 years of time to overtake China's textile and garment exports.

Fibre2fashion, News Desk - China


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