The Narendra Modi government has made two major interventions in the economic sphere, demonetisation and the Goods and Services Tax (GST), with the ostensible aim of expanding the formal sector at the expense of the informal.
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For the last eight months, Babita Singh has been searching every lane and bylane of the 2-sq-km spread of the Noida Hosiery Complex, here on the grimy edge of India’s capital, for a tailor’s job. She leaves home at 7 a.m. and walks around till 11 a.m. when, with the first shift in place, there is no longer any hope of being called into a factory.
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India's textiles sector is likely to touch USD 250 billion in the next two years from the current level of USD 150 billion, a study said today. The joint study by Assocham and Resurgent pointed out that the textile sector in India accounts for 10 per cent of the country's manufacturing production, 5 per cent of its GDP, and 13 per cent of exports earnings.
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CPD RMG Study Stitching a better future for Bangladesh