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India's textile sector: Reducing trade deficit & expanding exports

17 Sep '24
12 min read
India's textile sector: Reducing trade deficit & expanding exports
Pic: Adobe Stock

Insights

  • India's textile export-import analysis shows rising exports to the EU, North America, and Oceania, but declines with EFTA and Africa.
  • The textile sector can bridge trade deficits by boosting man-made fibre exports and leveraging trade agreements like the EFTA-India and India-EU FTAs.
  • Expanding into new markets, targeting niche and sustainable products, and diversifying exports is key for future growth.

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