International Monetary Fund’s Selected Issues paper for India states that textile exports showed similar growth patterns in to the US and the EU post quotas era. The paper was prepared by a staff team of the IMF in consultation with the member country. It states that while "exports from China to the US in liberalized textileintelligence.com/news/index.php?ns=tariff" target="_blank" title="Click to see all the articles,category wise,
having the word 'Tariff'
in the Headlines or Body.">tariff lines rose at rates in excess of 200 percent, while those to the EU rose by about 80 percent (ref: Ananthakrishnan and Jain-Chandra, 2005)." It further noted that through September,
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| Indian exports, in value and volume terms, to the US grew by a more modest rate of about 20 percent, with similar growth rates being experienced in the EU market." Finally, it points out the reasons for India failing to capitalise on the situation by attributing it to "problems of scale economies, inflexible labor markets, low rates of investment, lack of full duty drawback, and poor infrastructure." Plannners and Government, will all have to sit up and workout clearly the road ahead in order that India does not miss progress on one of its prime industrial sector. 
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