India Pips Italy, Germany to Become Second Largest Textile Exporter

India has emerged as the second largest textile exporter in the world beating competitors like Italy, Germany and Bangladesh in calendar year 2013, with China retaining the top position, according to data released by UN Comtrade. Currently, India exports textiles worth $40.2 billion (Rs 2.3 lakh crore), while the total global textiles exports stand at $772 billion (nearly Rs 45 lakh crore), giving India a market share of 5.2 per...