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China's exports to the United States fell and India's exports to the United States increased rapidly
Source: | Author:佚名 | Publish time: 2021-08-05 | 33 Views | Share:
From 2015 to 2016, the total market size of India's textile industry was US $54 billion, with domestic demand accounting for 65%, US $350 billion, exports accounting for 35%, US $190 billion (US $5 billion for exports to the United States), and imports accounting for 5%, US $27.06 billion. As of March 2018, the total scale of Indian textile exports to the United States had increased by about 10%.

Ms. Singh expects that in the next five years, from 2021 to 2022, the textile industry will grow to US $515 billion, with an export proportion of about 48%, reaching US $555 billion. During this period, the total investment scale was US $37 billion.

The reason for the improvement in demand is the slowdown in China's exports to the United States. The appreciation of China's domestic currency and the increase of labor costs squeezed China's profit space. Therefore, China's exports began to decline.

From 2015 to 2016, the total market size of India's textile industry was US $54 billion, with domestic demand accounting for 65%, US $350 billion, exports accounting for 35%, US $190 billion (US $5 billion for exports to the United States), and imports accounting for 5%, US $27.06 billion. As of March 2018, the total scale of Indian textile exports to the United States had increased by about 10%.

Ms. Singh expects that in the next five years, from 2021 to 2022, the textile industry will grow to US $515 billion, with an export proportion of about 48%, reaching US $555 billion. During this period, the total investment scale was US $37 billion.

The reason for the improvement in demand is the slowdown in China's exports to the United States. The appreciation of China's domestic currency and the increase of labor costs squeezed China's profit space. Therefore, China's exports began to decline.