Related Keywords: both in terms of volume and value dipped, Domestic market for cotton yarn, drastic drop in the offtake of cotton yarn by China, export of cotton yarn, hurt the Indian spinning industry, more lucrative than exports, negative growth total exports in India
The domestic market for cotton yarn is more lucrative than exports. This was confirmed by the India’s cotton yarn export numbers released by the Ministry of Commerce and Industry. The data reveals that there was a 1.4 per cent negative growth in India’s total exports during 2016 at $263.93 billion against $267.74 billion during January-December 2015.
Export of cotton yarn, both in terms of volume and value dipped 11.6 per cent and 15.5 per cent respectively during January-December 2016 compared to the corresponding period of the previous year.
