India's FY08 textile exports at $20.5 bn

India's textile exports for the year 2007-08 stood at $20.5 billion, falling short of the target set by the government. The government had set a target of  $25 billion export target for the textile sector.

"Textiles exports were impacted by the rupee appreciation but they have been able to register a growth of 10 per cent over 2006-07," Textiles Minister Shankersinh Vaghela said.

He said the government is taking steps to ensure that textile exports of $50 billion are achieved by 2010.