Textile, apparel exports show downward trend
NEW DELHI: The country’s total exports may be rising at around 20% but overseas sales of textile, apparel and handicrafts have declined during the first five months of this financial year, according to Reserve Bank of India (RBI) data. ”Exports of textile and textile products and handicraft continued to register a declining trend,” the RBI said in a study on India’s foreign trade in 2007-08. There was a 3% decline in apparel and 16% fall in silk textile export in dollar terms, it said. Export of textile and products declined due to reduced off-take by major markets like the US, the UK and Italy.