Textile and garment exports are likely to miss the USD 45 billion target for 2017-18, as the industry reels under the impact of GST roll out and tariff advantages enjoyed by competitors like Bangladesh and Vietnam, according to textile industry body CITI.
Read More »India’s exports declining in labour intensive sectors
India’s labour-intensive industries are languishing. Not only are exports of these industries in the doldrums, industrial production data also shows tepid growth in these sectors.
Read More »Global challenges, GST to affect India’s apparel exports
If the 10-month data from April 2017 to January 2018 is anything to go by, India's apparel industry may post a rare decline in exports for the current fiscal 2017-18, let alone meeting the $20 billion target.
Read More »‘Formalising’ the Economy: What’s in It for Workers?
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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