Indian Cotton Yarn exports - A huge decline

India’s cotton yarn and fabric exports have been declined sharply by 45% to $237 million in March against $435 million last year.

According to Commerce Ministry, country’s cotton yarn and fabric exports were fell by 11.8 percent to $4.10 billion during the fiscal 2008-09, due to the fall in the global demand on the back of economic crisis.

Similarly, according to the data, exports of manmade yarn and fabric also declined in March by 24.7 per cent to $201 million from $267 million in the year-ago period.

However, during the current financial year, manmade yarn and fabrics exports registered a growth rate of 3.6 per cent to $3 billion from $2.90 billion in the previous financial year.

Source: COMMODITY ONLINE

It means, India is recovering slightly from the turmoils, especially for man-made yarns and fabric exports...!!