Examine the major challenges hindering the Indian textile industry from achieving its full potential in the global value chain.
Main Body
India's textile sector is a labour intensive sector employing second largest workforce after agricultural sector. Major challenges hindering Indian textile industry: (1) Declining raw material availability (2) India has become a net cotton importer in FY25 (2) Competition for market from South and South east Asian nations c Bangladesh and Vietnam (3) High logistics cost decreases competitiveness of products (9) India's cost are about 14.7% of GDP compared to world where 8.9 GDP (US, China)
— Ananya Rana · AIR 60
Conclusion
26 words
Diagram
Mind map showing Measures needed to address textile industry challenges, including Cluster Development model, PM-MITRA scheme, TRIFED, PM Mission on Formalization of Enterprises, and R&D variants
Ananya Rana
Economic Development
Manufacturing and Industrial Sector
Textile Industry Challenges
202
Total words
1
Paragraphs
analytical
Tone