Indian textiles surge, regain No. 3 slot in the US market
India has clawed back into the list of top three apparel and textile exporters to the key US market during the first seven months of 2013, after being pushed out of the top five last year. Riding on the competitive advantage of a weak rupee and improving signs of a pick-up in the US economy, India's textile and apparel exports to the American market was pegged at $3.73 billion during the first seven months of 2013, right after China and Vietnam, according to the US Department of Commerce's Office of Textiles and Apparel (OTEXA) data.
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