India's Clothing Exports Are Affected By European Crisis

The foreign market of India's clothing exports is mainly in the United States and European countries, but its exports also began to decrease and decline due to the financial crisis. The decline value is expected to be around fifteen percent. India is thankful that the export market of cotton yarn has not been greatly affected because its main international market is Bangladesh and South Korea.

　　 U.S.A And European countries have no interest in the Chinese market, because the labor cost of China has begun to rise, and the welfare of workers in foreign-funded enterprises in China has begun to increase. Bangladesh is a low cost market. Developed countries want to turn to countries like Vietnam. The analysis of the world clothing shoe and hat net predicts that with the development of India's economy, its labor costs and other costs will also increase correspondingly. at present China Monetary upgrading and production cost increase are also faced with the pressure of export competition.

Faced with the weakness of European demand, India is also looking for a new way out. The world apparel shoe and hat net predicts that India will consider expanding domestic demand, and the other is to improve the technological content of equipment and enhance the competitiveness of its products. After all, the low cost of manpower will not bring happiness to the citizens of their country.

The world clothing shoes and hats net is the gateway professional website for leading the footwear and hat industry in China. It not only contains the most timely news in China, but also covers international clothing shoes and hats. Leatherwear And other information, always welcome domestic enterprises and businesses to show their products and style. The world clothing shoes and hat net will provide you with better opportunities and channels to show your products to the world.