India's Silk Exports Decline

As a global Economics As a result of the recession, exports of India's silk industry dropped by 10%, from 31 billion 780 million rupees in fiscal year 2008-09 to 28 billion 710 million rupees in fiscal 2009-10. Although the Federal Ministry of textiles set the export target of 41 billion 500 million rupees last fiscal year, India Central silk The Ministry said that only 67% of the goals could be achieved.

In this regard, Ahmed Daba de Bothra, a small unit of Maitri and owner of the company of Maitri, said that the export of silk garments to the United States declined, which could be attributed to more investment by American consumers in lifestyle products or luxury fabrics and clothing.

In addition, the US's preference for Chinese silk products is also the main reason behind the decline in India's silk exports. Small and medium-sized enterprises have made major contributions to India's silk export, such as natural silk yarn, fabrics, clothing, clothing, silk carpets and silk waste.

In addition, India's exports of silk to Eastern European countries also declined. Apart from the global financial recession, the fluctuation of currency exchange rate also restricted the export of silk to these countries.

India's exports of silk to China's Hongkong, the United Kingdom, Germany, Italy, France and Spain also declined in fiscal 2009-10, reflecting the fact that the silk products of India's small and medium enterprises were Exit The result is weak. In this case, the Ministry of textile industry of India predicted last year that it would not be possible for silk exports to reach US $201 billion 200 million in 2012.