Related Keywords: after the US, competition from China to increase, depreciation of rupee, fabric industry, improve export competitiveness, India second largest cotton exporter, Indian domestic cotton, mixed impact
India is the world’s second largest cotton exporter after the US, the recent depreciation of the rupee may to improve the export competitiveness of Indian domestic cotton. But according to investment information and credit rating agency, ICRA the rupee depreciation is expected to have a mixed impact on India's textile exports as competition will increase from China following devaluation of its currency. Since April, Indian currency has depreciated about 7 percent.
