The Collapse Of The Rupee In India Failed To Help Garment Exporters.
India rupee
The depreciation of the US dollar failed to serve the country's clothing.
Exporter
Bringing more orders is mainly concerned about the decline of western countries next year.
The United States and Europe account for more than 80% of India's clothing exports of 11 billion US dollars. At present, the spending on clothing in the US and EU shopping malls has declined due to the financial crisis in these countries.
In general, currency devaluation can help exporters.
However, India's exporters failed to get help from the depreciation of the rupee because Western buyers cut their purchases, and in the past two months, Western purchases fell by 15%.
Udani, President of the India Clothing Export Promotion Association (AEPC), said: "it is clear that the weak European market is a major reason why India's clothing exporters fail to increase their exports, despite the depreciation of the rupee.
Another reason is that there is no obvious reform in India to ensure that garment exporters compete. "
"The rupee depreciation is certainly an advantage," said Dimple, a general manager of the New Delhi textile and knitwear exporter, Dimple creation Co. Ltd. "but the buyers themselves are aware that the US dollar is strengthening. Therefore, buyers also expect us to sell $5 worth of products to US $4.80.
In addition, it also provides
Consultations
The space is not what it used to be.
In the declining petrochemical industry in western countries, we see more opportunities for exports to the opposite countries, such as Australia, South Africa and South America, where exports to these places are timely and in season.
In the next quarter, he predicted that clothing exports would be more or less the same, but many measures could be taken to help exporters.
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