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Impact of Global Economic Slowdown on India’s Textile & Apparel Exports
Published:
Mar 2023
Pic: Shutterstock
Key Takeaways
The impact of the global economic slowdown and declining global trade will reverberate across various sectors in 2023, and India’s textile and apparel industry is no exception. As a country that heavily relies on the US and the EU for its exports, India’s labour-intensive categories such as textiles, footwear, and leather goods are likely to feel the pinch.
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