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Related Keywords: Bangladesh and Vietnam, facing subdued demand trends, high raw material prices, Indian textile exporters, intense competitive pressures, key textile consuming regions, majority of exports from India, revision in DBK, unfavourable currency movement, US and EU

Indian textile exporters have been facing subdued demand trends over the past few years in the key textile consuming regions of the US and EU which accounts for a majority of exports from India as well as intense competitive pressures from nations such as Bangladesh and Vietnam due to high raw material prices in the past six to nine month, which has been aggravated by unfavourable currency movements as well as recent revision in duty drawback rates have only added to their woes.

Related Keywords: budget will have a lot of announcements to make, gain better clarity on the GST, Indian textile exporters, moving steadily on improving the fashion industry, Prime Minister Narendra Modi government, procurement from India will increase, start-ups acroos India, Textile Industry, third budget to be presented, Union Budget due on February first

Union Budget 2017 due on February 1 will be the third budget to be presented by the Prime Minister Narendra Modi’s government. The budget 2017 will not only be unique for its preponement from the usual month of March but will also have unprecedented expectations resulting from demonetisation. In the run-up to the Union Budget 2017, the start-ups across India hope to hear from the Finance Minister Arun Jaitley come February 1.

Related Keywords: check decline in merchandise exports, cotton yarn or apparel rather than technical textiles, exporting low value commodities, FTAs, geo political reasons, Indian textile exporters, not helping for competing globally, PTAs, seek review of trade agreements, the total exports are handled by the MSME sector, top export categories like textiles

The textile exporters have been seeking review of India’s trade agreements like the Free Trade Agreements (FTAs) and Preferential trade Agreements (PTAs) to check decline in India's merchandise exports have been contracting for the last 15 months.

India's 40% of the total exports are handled by the MSME sector which feels that it's the country's trade agreements which are not helping them much for competing globally.

Related Keywords: cotton textile exports, free trade agreements, Indian textile competitors, Indian textile exporters, textile imports in Canada, textile imports in China, textile imports in Europe, trade barriers, yarn import in Bangladesh

As cotton textile exports have declined 7.39% in August 2015 as compared to the corresponding month last year, Indian textile exporters have urged the government to facilitate free trade agreements (FTAs) with major importing countries including the European Union, Australia and Canada to remove trade barriers.

Related Keywords: export subsidies, Indian textile exporters, Subsidies and Countervailing Measures, textile sector, US demand, WTO rules

Washington argues that New Delhi no longer qualifies to give concessions for textile exporters under the World Trade Organisation (WTO) rules as it attained export competitiveness in the textile sector eight years back. But India has decided to continue with export sops for the sector in the new fiscal and, probably, the following two years as well.