Page 61 - Chemexcil NEWS August - September 2017 for web
P. 61
would be difficult for India to tap this demand in soon, either in the US or in Europe,” said SK
the near term. Jain, chairman of the Apparel Export Promotion
Council.
The US is the largest destination for Indian
exports, earning $42 billion in 2016-17. The share India’s exports of gems and jewellery, especially
of goods heading to the US has increased over the rough or processed diamonds, were $9.7 billion,
past five years to 15.3 per cent in 2016-17. up 12 per cent in the last year. But experts said the
trend might be reversed next year.
However, major export categories such as textiles
and gems and jewellery have stagnated in the US The US is a major market for Indian manufacturers
market. of generic drugs, almost half of which, by volume,
reach US shores. “In the US, almost 80 per cent
India’s textile exports to the US, across categories of generics are sourced from India. However, the
such as apparel, made-ups and accessories, have market share has stagnated while growth in value
suffered over the last few years due to cheaper terms has slowed down,” said PV Appaji, former
alternatives from Bangladesh, Vietnam and the executive director at Pharmexil.
Philippines.
(Source:- http://www.business-standard.com/article/economy-
“Our market share has stagnated in the low policy/exports-may-miss-global-trade-revival-117092300840_1.
single digits and I do not see a change anytime html dated 23rd September-2017)
59 August-September-2017
