Weak rupee boosts India’s textiles exports - sportstextiles: Lea SportsTextiles

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Weak rupee boosts India’s textiles exports

29/11/2013
India’s exports have been boosted by the country’s weak currency, which is at near-historically weak levels.

Textiles exports have grown 12% this year compared with a 9% decline last year. Most garment exporters are either running at full capacity or have outsourced manufacturing jobs to meet rising overseas demand, according to reports.

Overseas sales generate nearly a quarter of GDP and merchandise exports have been posting double-digit growth since July, the best run in nearly two years.


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