This slowdown is one 
reason why this target looks tough to achieve. It has negative implications for another key sector of India – textiles, which contributes around 13% to India’s exports. During Apr-Oct 2006, RMG (readymade garments) exports to US grew by 6.2%, increasing India’s share in US imports to 4.3% according to AEPC. That is perhaps why the government has decided to include 16 more nations in the list to be traded with. This could be a significant boost for Indian industry, as it seeks to bridge the trade deficit.
reason why this target looks tough to achieve. It has negative implications for another key sector of India – textiles, which contributes around 13% to India’s exports. During Apr-Oct 2006, RMG (readymade garments) exports to US grew by 6.2%, increasing India’s share in US imports to 4.3% according to AEPC. That is perhaps why the government has decided to include 16 more nations in the list to be traded with. This could be a significant boost for Indian industry, as it seeks to bridge the trade deficit.For complete IIPM article click here
Source:- IIPM Editorial, 2006
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