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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