Abhishek Anand and Naveen Joseph Thomas on Reigniting India's Manmade Clothing Sector
A major puzzle for the Indian economy in the last one decade has been the weak performance in the textiles and apparel sectors. In real terms, the apparels sector has grown marginally and the textiles sector has witnessed a decline. India’s share in world trade in textiles and apparels has also declined considerably. Between the late-1990s and early 2010s, India’s share in the textiles trade has doubled, as the Indian economy revealed its comparative advantage in a variety of products in this category. But since then, India’s share in textiles trade has declined, even as many other countries…
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