India'S Clothing Exports Have Declined For Three Consecutive Months.

2010/9/2 10:29:00 32

In July,

India clothing

Exports fell for third consecutive months, down 22.5% from a year ago, but the total exports in July increased by 13.2%.

According to the clothing Export Promotion Association (AEPC) report, due to the United States and Europe

market demand

Therefore, exports dropped to $816 million in July.

PremalUdani, President of India garment export promotion association, said western markets, such as the US and Europe, have not yet recovered their demand.

Economic recovery

Slow.

The United States and the European Union account for about 80% of India's clothing exports, and India's clothing exports totaled 10 billion 640 million US dollars in 2009-10 years.

From 2010-11 to April, clothing exports decreased by 8% to 3 billion 460 million US dollars over the same period last year.

In contrast, from April to July, India's total exports totaled 68 billion 630 million US dollars, up 30.1% over the same period last year.

In July this year, total exports increased by 13.2% to 16 billion 240 million US dollars.

Although the government has recently revised its foreign trade policy and announced that the preferential measures for market linked key products (MLFPS) for the EU will be extended to March 21, 2011, the industry still hopes to share this preferential measure with US exports.

According to the MLFPS plan, exporters can receive 2% of the value of their exports.