India'S Garment Export Value Has Declined For Three Consecutive Months

In July, Indian clothing Exports fell for the third consecutive month, down 22.5% year on year, but in July, the overall national exports grew 13.2%.

According to the report of the Garment Export Promotion Council (AEPC) market demand As a result, exports decreased to 816 million dollars in July.

Premal Udani, president of India Garment Export Promotion Association, said that the demand of western markets, such as the United States and Europe, has not yet recovered Economic recovery Slow.

The United States and the European Union accounted for about 80% of India's clothing exports, and India's clothing exports totaled US $10.64 billion in 2009-10.

From April to July in 2010-11, clothing exports decreased by 8% year-on-year to US $3.46 billion.

In contrast, from April to July, India's overall exports totaled US $68.63 billion, up 30.1% year on year.

In July this year, the overall export increased by 13.2% to US $16.24 billion.

Although the government recently revised its foreign trade policy and announced that the preferential measures of the Market Linked Key Products Program (MLFPS) for the EU would be extended to March 21, 2011, the industry still hopes that exports to the United States can share this preferential measure.

According to the MLFPS plan, exporters can get 2% of the export value reward.