INDIA: India seems pussycat against China

NEW DELHI: China wins the textile race and put India in the second seat as the latter fails to cash on free world market registering only a moderate export growth in current fiscal.

Against the ‘monstrous’ stance of China, India seemed a pussycat.

Textile and clothing exports from India to the US increased by 25 percent, while China lagged India way behind by recording 58 percent increase.

Chinese supremacy was more obvious in European Union as Indian exports increased just 10.5 percent in comparison to China’s 80 percent.

The exports of textile and clothing from India increased by 8.21 percent to $9.3 billion during April – November 2005.

The US data for the first six months of 2005 shows that exports of textile and clothing of liberalised product lines from China grew by 242 percent.

The industry amounts to 20 percent of the country's industrial production and 12-16 percent of total exports.


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Added: March 4, 2006 Source: Agencies
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