GoI must get tougher on big business houses asking for import protection on key inputs in the textiles industry. India is losing out on creating millions of manufacturing jobs

Employment potential of India’s textiles and clothing industry remains grossly under-realised. Its share in the total workforce remains low at 3.6% and of agriculture high at 45.5%.

While the well-recognised policy constraints originating in land, labour and electricity markets and logistics sector remain critical, as a recent paper by economists Abhishek Anand and Naveen J Thomas emphasises, trade-policy interventions too have contributed to the underperformance of the sector. The damage has been particularly serious in the man-made-fibre (MMF) segment.

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Views expressed above are the author’s own.


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