According to the Indian government, the country’s textile sector is finding its way out of the recession. It believes textile exports will rise 10% by the end of the current financial year.

Textile exports fell 4% to $14.1 billion during the first nine months of the 2008-09 financial year compared with the prior-year period. However, textiles minister Panabaaka Lakshmi is confident the worst is over.

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