INDIA: Textile Exports Expected To Slump Seven Per Cent
The Indian government said on Wednesday that textile exports during the current fiscal year could fall by as much as seven per cent from its revised target of $12 billion. Textiles Minister Kashiram Rana said the global economic slowdown had hit the industry hard which had forced officials to revise the export target to last year's level when India exported textiles worth $12.09bn.