Related Keywords: clothing sector, declining competitiveness, Indian Textile, sluggish global demand, T&C sector exports, Union textiles minister Santosh Gangwar, Union textiles ministry data
India’s textile and clothing exports in the 10 month period of April 2014 to January 2015 witnessed growth of almost four percent to $34 billion as per the Union textiles ministry data. This means $41 billion for the year, growth of only 3.8 percent as against the rise of 12.4 percent to $39.3 billion in 2013-14.
Sluggish global demand and declining competitiveness is likely to see less of export in 2014-15 for the textile and clothing (T&C) sector. According to industry sources, it should be five percent.
