India’s textile sector needs more support to arrest shrinking market share

India’s share in global exports of cotton yarn shrunk 600 basis points to 23 per cent in calendar year 2020 (CY2020) from 29 per cent in CY2015, while in readymade garments (RMG), its share has stagnated at 3-4 per cent over the past decade.

Lack of free trade agreements (FTAs) and significant improvement in peer competitiveness are the main reasons for this fall. Read More.

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