The Export Of Rupee Will Still Face Enormous Challenges.
Due to the global economic recovery, the demand for printed clothing in the US market has increased, and orders and enquiries have increased significantly over the past year. India's exports to the United States have also rebounded since 2 and March this year. In February, India's exports to the US amounted to US $488 million, an increase of 8.3% over the same period last year. In March, India's exports to the US amounted to US $315 million, an increase of 2.8% over the same period last year. But at the same time, India's exports to EU remain at a low level. The sources concerned were mainly due to the turbulence in the economies of some European Union countries.
Despite the improvement in the export situation, Indian officials are worried about their prospects. With the rising price of raw materials in the international market and the pressure from India's rupee appreciation, India's clothing exports will still face enormous challenges.
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