INDIA: Textile Imports Soar Following Restrictions Removal
India's scrapping of quantitative restrictions (QR) earlier this year has led to the country being swamped by clothing and textile imports while exports of such products have fallen sharply, figures released on Thursday revealed. According to the director-general of commercial intelligence and statistics, (DGCI&S), imports surged by 21.63 per cent while exports declined by 22.06 per cent (both in dollar terms) in April-June compared to the previous corresponding period