Business Standard

As India makes headway in exports to the US, can it be the next China?

Sea-borne shipments of festival goods and accessories to America touched $20 million last month, almost triple the value from the year-ago period

indian economy, exports, imports, trade deficit
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Shruti Srivastava | Bloomberg
India, believed by many to have the potential to become the next China, is finally making headway in the exports market as it broke into the top 5 suppliers of Christmas decorative items and t-shirts to the US.
 
Sea-borne shipments of festival goods and accessories to America touched $20 million last month, almost triple the value from the year-ago period, according to US customs data. In the process, India gained a clear lead over the Philippines as buyers diversify supply sources in the face of rising labor costs and disruptions from China’s strict Covid-zero policy.
 
One such beneficiary of the early Christmas

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