The domestic textile sector has finally started firing in the post-quota era. For the first time in the post-quota era, the domestic textile exports to the US have grown faster than Chinese textile exports.
In the November-December 2005 period, Indian textile exports to the US increased 40.8% over the same period last year while, at the same time, Chinese textile exports grew 27.6% in the November-December 2005 period.
However, that India textile exports to the US still lag way behind China? in absolute terms, and Chinese textile exports to the US have grown faster in the 2005 period than India? textile exports.
In the November-December 2005 period alone, Indian textile exports to the US earned an impressive $731 million, up from $519 million earned in the November-December 2005 period.
