The European Crisis Has Not Had A Significant Impact On India'S Textile Exports.

Rajya Sabha said today that the European debt crisis was not against India.

Panabaaka Lakshmi, Minister of state of the Ministry of textiles, said at the federal academy that

In the overall export of textiles in India in 2009, textiles and

India's textile exports amounted to US $20 billion in 2009-10.

Textile minister Dayanidhi Maran insisted on the export target of US $25 billion in the current fiscal year.

Some European countries are still in debt crisis.

The storm began in Greece and has now hit the overall demand in the region, and so many euro zone governments are taking stringent austerity measures.

The IMF warned that the risk of decline caused by the European crisis could have a negative impact on the fragile global economic recovery.

Supplement:

In the first 7 months of 2010, Vietnam estimated that $2 billion 750 million of shoe products were exported, up 13.8% from the same period last year, the Central Bureau of Statistics said in July 26th.

In July, Vietnam's shoe exports increased by 29.8% over the same period last year, although it dropped by 2.69% compared with June, but exports in July still amounted to $470 million.

Vietnam ranks fourth among the 10 largest footwear exporters in the world.

Vietnam's goal this year is to export $6 billion 200 million shoe products.

Vietnam's shoe industry is facing numerous difficulties, especially the lack of workers and dependence on imported raw materials.

Vietnam's shoe exports have also been affected by self-protection measures in the European Union, Peru and Turkey.

The goal of Vietnam is to expand the export of footwear products to other markets, such as the United States and ASEAN member countries, using the advantages of free trade between ASEAN and its stakeholders.