Disturbing yarn

Seven years ago, when the quota regime in the global textile market was dismantled, India was seen as one of the biggest potential gainers, along with China. As a report in this newspaper showed, India is losing the plot, especially in high-value apparel exports to the US and EU. Vietnam has surged ahead in terms of supplies to the US. Indonesia, not in the top-five list three years ago, is snapping at India’s heels; so is Bangladesh. In fact, in the EU market, India is a distant fourth in terms of supplies, and clocked lower growth than Bangladesh and Pakistan.

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