Indian exporters will be able to give competition to their Chinese counterparts in the global market if yuan appreciates in sync with the strength of China's economy.
India's exports of textile, gems and jewellery, handicrafts and leather, which directly competes with the Chinese consignments in the western markets, will gain, Director General of the Confederation of Indian Industry (CII) Chandrajit Banerjee said.
“We expect our exporters to benefit from such a move (yuan appreciation),” Mr. Banerjee said. He said the extent to which the domestic industry benefits would depend on the degree of the yuan rise.
