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India's exports to the US surge as China's exports to the US slump
Source: | Author:clothing-100 | Published time: 2015-03-17 | 857 Views | Share:
The appreciation of China's own currency and the increase in labour costs have squeezed China's profit margins and, as a result, Chinese exports have started to go downhill.

　　The total market size of the Indian textile industry in 2006-2007 was US$ 54 billion, with domestic demand accounting for 65 per cent at US$ 35 billion, exports accounting for 35 per cent at US$ 19 billion (US$ 5 billion to the US), and imports accounting for 5 per cent at US$ 2.76 billion. As of March 2008, the total size of India's textile exports to the US had grown by approximately 10 per cent.

　　Ms Singh expects the textile industry to grow to US$115 billion over the next five years to 2011-2012, with exports accounting for approximately 48 per cent of the total, amounting to US$55 billion. Total investment during this period will be US$ 37 billion.

　　The improvement in demand is due to a slowdown in Chinese exports to the US. The appreciation of China's own currency and the increase in labour costs have squeezed China's profit margins and, as a result, Chinese exports have started to go downhill.