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)
Conclusion
The motive of SF2 Farm to Fibre to Factory to Fashion to Foreign should form the motive of all actions taken to revive the textile sector.
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
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Total words
1
Paragraphs
analytical
Tone