India’s textile and apparel exports have declined from $38.60 billion in 2014 to $37.12 billion in 2018.
Issue
Context
India’s textile and apparel exports have declined from $38.60 billion in 2014 to $37.12 billion in 2018.
What is pulling down Indian textile industry?
Facts:
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What need to be done?
Major government initiatives:
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For the scale and growth momentum of the textile industry, all the schemes related need to be scaled up substantially. They also need re-engineering and re-calibration to suit the ambitious goals being adopted.
To attract more investment in this sector:
Way forward:
The future for the Indian textile industry looks promising, buoyed by both strong domestic consumption as well as export demand. Therefore with robust government policy interventions India can enlarge its presence in the global competitive market.
Learning Aid
Practice Question:
Instead of having large growth potential, why Indian textile industry is lagging behind in global competitive market? By listing some government initiatives suggest some measures to boost Indian textile industry.
Verifying, please be patient.