India's Garment Manufacturers Rely On The Domestic Market.

For the extended us and EU debt The concern of the crisis has led to the spotlight on the financial position of these countries. Economists predict that these factors are signals of the coming double recession. Although all businesses will be hit, if the recession strikes again, the textiles and clothing sector will feel the pressure.

Exports to the European Union and the US market now seem to have slowed down because of fears of a recession. This led to a 16.3% drop in exports in the 2010-11 fiscal year. The outlook for next year is also not optimistic. Industry According to the news statement, only 20 units of the more than 2000 garment manufacturing units in Ludhiana have assembled the export for the current fiscal year.

On the contrary, domestic demand looks optimistic. The market is promising and grows at a steady rate. The clothing manufacturers in India are currently focusing on the needs of the wealthy consumers in the domestic market in order to make profits.

Among all the worries, India's clothing Exit Businessmen have optimistic views. There may be unemployment, output and exports. But they still hope that if the recession hits the US, India will only experience deceleration.