Growth rates in exports are nowhere near those set by countries like China, Vietnam and Bangladesh. Bangladesh garment sector has managed to grow at a scorching pace of 16.18 percent in its just concluded fiscal ending June'08.
Vietnam on the other hand has managed to grow at a handsome 19.3 percent in the first half of the current year, while China on the other hand with all its problems like ever increasing costs of raw materials, appreciation of the RMB and rising energy and labour costs, has still managed to grow by a healthy 11.1 percent in the first six months of 2008 to touch almost $81.68 billion.
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Fibre2fashion News Desk - India