China's loss has been India's gain in the big global textile market. If export figures of the past six months are any indication, China's textile export to the US has been dwindling by 0.6 percent in the first six months from the same period last year. This sharp fall in market share has been attributed largely to the various export restraints.

Expectedly, while China's market share declined, four nations --- India, Vietnam, Pakistan and Cambodia --- saw a sharp rise of their textile exports to the United States.

Especially, India's textile exports to the United States jumped by over 18 percent year on year.

In fact, China's own planning body has admitted that India has been one of the major beneficiaries of US restrictions on Chinese textile exports during the first six months of the current year.

According to China's National Development and Reform Commission, the country's textile export to the US in the first six months amounted to $8.23 billion, the growth being 76 percent lower from the same period of last year.

NDRC figures show the growth of China's textile export to the European Union also saw a fall as the total amount valued at $9.5 billion, up 10.3 percent from the same period of last year, which means a 46.2 percent decline in year-on-year growth thanks to various import restrictions.

However, overall the import and export value of Chinese textiles and garments has risen by 21.94 percent year-on-year in first six months of the current year. The import value of textiles and garments rose by 5.88 percent, accounting for 2.4 percent of the total import.

In fact, During the January-June period, China's textile industry saw a sharp rise of their export to regions without export restraints, which reached $44.75 billion, up 34.4 percent from the same period of last year. Among those regions, China's textile export to Turkey was up by 221 percent year on year, to Mexico by 155 percent, to Macao by 63 percent, to South Korea by 44 per cent and the ASEAN by 44 percent.

Thus far, China has been the biggest gainer in the post-quota regime with a quantum jump in its exports of textiles and clothing to USA and EU. In the current year, the export of clothing by China has gone up by 27.3 percent during first five months, while export of other textile products increased to 20.1 per cent.

As for India, the first full year in the post-quota regime saw textile sector clocking a 26 percent growth in exports in dollar terms. India also managed to increase its market shares both in the US and the European Union markets -- two of the major destinations of textile exports in the world.

According to a study, India has been able to register an increase in its share in the US market, with cotton clothing exports alone logging a 44 percent rise. The overall growth in Indian textile exports to US was 18 percent. In the current year also, Indian textile exports to the US are booming as it is third time the exports have registered a double-digit growth.