2013-14 Fiscal Year: Textile Exports In India May Increase By 15% Over The Same Period Last Year.

< p > > India a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > industry accounts for about 14% of the total industrial production in China. It is an important export industry in India. India once provided subsidies for the development of the textile industry. Recently, according to the WTO "agreement on subsidy measures", India needs to gradually reduce its subsidies. The export market of India textile a target= "_blank", "clothing" and "clothing" is affected by the downturn of the traditional market economy, new markets will be developed and textile exports will increase.

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< p > < strong > India textile industry < /strong > /p >

< p > India's textile industry accounts for about 14% of the total domestic industrial production and 10% of its total exports, and its subsidy amount is about 310-320 billion US dollars.

The industry employs 35 million, second only to agriculture.

Because of the sluggish demand from Western markets, India exported $222 billion 250 million worth of textiles in the first 11 months of the past fiscal year, down 4.1% from the same period last year.

Panna Lark, India's State Councilor in charge of textiles, said at the opening ceremony of an exhibition in New Delhi that she hoped that the performance of the national textile sector could improve in the current fiscal year, as demand from Western markets began to recover.

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< p > < strong > India textile industry < /strong > /p >

< p > from a traditional point of view, 60% of India's textiles are exported to the European Union and the United States.

The inflow of orders from the US market has started to grow, but demand from the European market is still sluggish.

In order to promote India's textile exports, India's textile exporters began to open up new markets, such as Russia, Latin America and Africa.

In the 2013-14 fiscal year, India's textile exports could increase by 15% over the same period last year, Barca LAK hemi said.

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< p > textiles as an important export industry in India, the government has taken measures to subsidize textiles. According to WTO's "subsidy agreement", countries are allowed to provide export subsidies to domestic industries, as long as the industry's share of world trade is less than 3.25%.

But India's textile exports account for 4% of the world's share and have been increasing in the past 5 years.

According to the WTO rules, India needs to cancel its export subsidies to textiles by 2015.

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At the same time, the United States, the European Union, Turkey and Japan are putting pressure on the India government to cancel the "unreasonable" subsidies for textile exports. The India government hopes to gradually reduce export subsidies instead of "immediately" and "totally" canceling them.

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P, the United States, the European Union, Turkey and Japan are putting pressure on the India government to cancel the "unreasonable" subsidy for textile exports. But as a key export industry, India hopes to gradually reduce export subsidies instead of "immediately" and "completely".

Senior officials from India's Ministry of Commerce and industry said the government would reduce export subsidies in batches in the next 3 years, but all steps would be extremely cautious.

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