India’s total textile exports for the year ending March 2009 is expected to be flat compared with the previous year,as a falling rupee offset losses in the first six months,a government official said on Thursday.
“We may see a almost flat (growth)..around $22-23 billion…exports will be more or less in line with what we had last year,” J.N. Singh,Joint Secretary in the Ministry of Textiles,said in an interview.
As per government data,India’s total textile exports for the fiscal year ended March 2008 stood at $22 billion.
Singh also said the textile industry had seen a decline of 0.92 per cent in overall employment translating to about 300,000-400,000 jobs in October-December period,compared to last year.
The industry employs roughly 33 million people,he said.
