India’s textile and garment exports to the US between January and May rose by

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    India’s textile exports to Western countries have surged following the abolition of global quotas earlier this year. The old quotas limited the amount of textiles any country could export to another. (9) India’s textile and garment exports to Europe between January and May rose by 11 percent compared with the same period last year, and to the United States by more than 20 percent. However, India has only a four percent share in the global textile and garment market—far behind China. Indian exporters say some Western retailers have begun increasing purchases from India partially to offset any future appreciation of the Chinese yuan, which Beijing allowed to rise by two percent recently. But exporters such as Mr. Hinduja warn that (10) the Indian industry must introduce economies of scale and better technology to remain competitive. Officials estimate that India’s exports will rise nearly four times, to $50 billion by 2010, up from $13. 5 billion last year.