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Title
Synthetic textile exports may fall on out in duty drawback rates.
Abstract
This article predicts that India's exports of synthetic textiles could decline due to the government's announcement reducing duty drawback rates (DDR) for all synthetic textile products. It says that the move by the government has surprised exporters. According to the article, the reduction can range from 17% to 2.6% and is expected to have a serious impact on export activity. The country's export of synthetic textiles is valued over Indian rupee (Rs.) 12,000 crore.