Examine the major challenges hindering the Indian textile industry from achieving its full potential in the global value chain.

The Indian textile industry accounts for 2-3.1% of its GDP, being 2nd largest producer of textiles & garments globally Major Challenges: (1) Low productivity of fibre like cotton, silk etc. [EG] Largest area under cotton but 29th in cotton yields globally (2) Reliance on strained crops => vulnerability to biotic/abiotic schemes [EG] 67.1% of area under cotton cultivation is rainfed (3) Low value addition => mere export of fibre