Textile exporters hit hard by unfavourable currency movement

News Tags: Bangladesh and Vietnam, facing subdued demand trends, high raw material prices, Indian textile exporters, intense competitive pressures, key textile consuming regions, majority of exports from India, revision in DBK, unfavourable currency movement, US and EU

Mumbai
Textile exporters hit hard by unfavourable currency movement
Summary: 
Indian textile exporters have been facing subdued demand trends over the past few years in the key textile consuming regions of the US and EU which accounts for a majority of exports from India as well as intense competitive pressures from nations such as Bangladesh and Vietnam due to high raw material prices in the past six to nine month, which has been aggravated by unfavourable currency movements as well as recent revision in duty drawback rates have only added to their woes.

Indian textile exporters have been facing subdued demand trends over the past few years in the key textile consuming regions of the US and EU which accounts for a majority of exports from India as well as intense competitive pressures from nations such as Bangladesh and Vietnam due to high raw material prices in the past six to nine month, which has been aggravated by unfavourable currency movements as well as recent revision in duty drawback rates have only added to their woes.

http://www.businesstoday.in/current/economy-politics/strong-rupee-hits-textile-exporters-hard/story/261866.html
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