India Garment Garment Market Growth Rate Decline

In the 2012 fiscal year, India domestic

The increase was only 5%, to 1 trillion and 100 billion rupees, mainly due to poor export performance.

In the previous fiscal year, garments and clothing exports in India increased by 15%.

Mehta, President of the India Garment Manufacturers Association (CMAI), said in a statement: "domestic sewing."

The stock price reached 1 trillion and 100 billion rupees, and the market for the UN tailored garment was 400 billion rupees.

A few years ago, the growth rate was 15%, while in the 2012 fiscal year, the growth rate dropped to 5%.

Mehta attributed the decline in exports to the recession in the US and Europe, and 70% of India's organized clothing and clothing exports to these two markets.

Free imports from Bangladesh and other countries have also affected the growth of India's domestic garment industry.

Despite these negative factors, the weakness of the rupee in India and the extension of interest rate subsidies, focusing on the extension of the product plan for a year, will help exports, Mehta said.

Last year, India exported about 700 billion rupees to the world market.

Considering the recovery of growth trend,

The manufacturers' Association began organizing the fifty-fifth international clothing exhibition in July 9th, which is the lowest clothing trade exhibition in India's domestic market.

The exhibition is expected to attract a record 400 exhibition units, representing 450 brands, covering an area of 350 thousand square feet.