While an appreciating rupee is partly to be blamed for this lackluster performance, other disabilities like economies of scale and labor laws are making India’s exports uncompetitive in global trade compared to shipments from other countries, it said. These issues require appropriate interventions to enable Indian exporters increase their share in world textiles trade, it added. In the US market, while India’s average price for textile exports was higher than China’s and Pakistan’s, its share in US global textile imports increased by a mere 1.6 per cent between 1995 and 2007. Vietnam’s share rose to 4.7 per cent from 0.04 per cent, while that of China went up to 33.5 per cent from 11 per cent in the same period. – PTI.Source: TheHinduBusiness.com.
Date:6/19/2008
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