India’s apparel exports for January 2015 increased by 15 per cent over the exports made in December 2014 and showed an increase of 9.21 per cent compared to the exports in January 2014. The growth made however, is being viewed as miniscule when compared to the progress made by China. “China is looking at exporting textile products worth US $ 300 billion this year. Our overall annual exports of ready-made garments presently is just US $ 15 billion, which is only equivalent to that five per cent margin of growth which China plans to achieve,” pointed out Prabhu Damodaran, a market analyst and secretary of Texpreneurs Forum.
