In Recent Two Years, India'S Textile And Clothing Exports To The New Market Are Increasing.

Over the years, India's textile industry has made bread and butter through exports to the United States and Europe.

Now, especially after the economic recession in 2008, the European market economy is generally depressed, and the textile industry in India is very sensitive to the western market.

Therefore, India began to develop a series of new markets and gained more and more success.

According to the data provided by Geneva Global trade information bureau, India cotton textiles (yarn, cloth and finished products) accounted for more than 60% of exports to Europe and the United States in 2008-09, and now it has dropped to less than 45%.

Other countries and regions in the world (non US and European markets) are becoming emerging markets, such as Bangladesh, China, Sri Lanka and Korea.

Over the years, India's exports to these emerging markets have continued to grow.

In 2010-11, India's textile exports to Europe and the United States amounted to about 3 billion US dollars, the same as that of 2008-09.

Exports to other parts of the world and countries amounted to US $3 billion 782 million, much higher than the US $2 billion 26 million exported two years ago.

Intra Asian trade is bound to grow. Consumption growth in these countries is growing faster and faster. India's consumption growth is 7%.

SiddharthRajagopal of Texprocil, an export promotion agency, said.

Export figures, knitted apparel and accessories also showed the same trend. India's exports to the European market decreased to about US $2 billion 153 million in two years, while India's total exports amounted to US $4 billion 775 million.

India's exports to the US market have not declined.

However, the export scale of some smaller markets has increased significantly, such as the UAE (exports increased from 368 million US dollars to US $511 million in two years, Australia (from 15 million to US $32 million), and Djibouti (from 0 to 13 million US dollars) has provided support for India's clothing exports in the recession years.