What are the reasons for the decline in Indian silk exports during 2008?
He continued The sharp appreciation in the rupee vis–vis dollar witnessed in the year 2007-08 has resulted in a fall in silk exports from India and even as the appreciating rupee was making the countrys exports uncompetitive, exporters are being further burdened by high production costs caused by high interest costs, pressure on prices and growing costs of inputs. India is facing tough competition from China in respect of exports after liberalization of quota restrictions.
