Related Keywords: benefits of the new trade arrangement, beneifs of depreciated Indian rupee, China largest apparel exporter, cotton and manmade fiber, expectation of increase in global apparel trade, ICRA reports, Indian apparel exports, likely to increase, spinning and weaving, textile value chain, WTOs agreement on textile and clothing
India's apparel exports supported by the expectations of increase in the global apparel trade and partly due to benefits of depreciated Indian rupee in 2015 are likely to increase to $18 billion and to $20 billion in 2016 as against $16.5 billion in 2014, according to a report from investment information and credit rating agency ICRA.
However depreciated rupee is unlikely to remain as a sustainable advantage in long-term as India's market share in world's trade has not significantly changed despite depreciation of Indian rupee during last three years, it said in a statement.
