Labour-intensive exports: Gains likely to be short-lived
Financial Express Pune|December 25, 2024
India's textile exports saw modest growth in April-November, but this may be short-lived due to a volatile rupee and challenges in the global market. While a weaker rupee could boost exports, the gains may be offset by increased raw material costs and the need for greater competitiveness.

For instance, India's monthly readymade garment exports average at just $1.1 billion compared to China's $13 billion. Even neighbouring Bangladesh, despite facing domestic unrest, manages to export three times more than India. In October 2024 alone, it exported $3.3 billion worth of readymade knitwear and woven garments, marking a 22% increase against the same month in 2023.

Bangladesh's domestic challenges have prompted some global buyers to diversify production, presenting India with an opportunity. "This is a directional change, and our task is to turn it into a structural opportunity," Damodaran says, adding that Indian companies should utilise the PM Mitra Parks being set up in seven states and focus on greenfield investments to meet global demand.

Esta historia es de la edición December 25, 2024 de Financial Express Pune.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 25, 2024 de Financial Express Pune.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE FINANCIAL EXPRESS PUNEVer todo
Financial Express Pune

A middle-class meltdown

Economic shift, stagnating real income post Covid weigh on spending on daily items

time-read
3 minutos  |
December 25, 2024
Financial Express Pune

Shyam Benegal cremated with full state honours

Veteran filmmaker Shyam Benegal, the pioneer of the parallel cinema movement in Indian cinema in the 1970s and 1980s, was cremated on Tuesday with full state honours and a three-gun salute.

time-read
1 min  |
December 25, 2024
Financial Express Pune

Champions Trophy: India to play Pakistan on Feb 23

INDIA WILL PLAY all their matches of the Champions Trophy in Dubai with the marquee clash against arch-rivals Pakistan scheduled on February 23, the International Cricket Council (ICC) announced on Tuesday.

time-read
1 min  |
December 25, 2024
Financial Express Pune

Net gains: Secured Virat, cautious Rohit gear up

INDIA GOT A chance to bat in the nets on fresher pitches on Tuesday, their last day of training as Christmas day is a rest day for them.

time-read
1 min  |
December 25, 2024
Financial Express Pune

₹2-cr fine on Deloitte Haskins for Zee audit

In July 2019, the bank appropriated the FD towards the settlement of loan amounts due from seven promoter group companies. However, the NFRA noted that neither the creation and maintenance of FD, nor its reappropriation by the bank was with the approval of the board or shareholders of the company.

time-read
1 min  |
December 25, 2024
Financial Express Pune

Local satellites push draws 30 aspirants

The applicants for INSPACe's latest effort in this regard include startups such as Google-backed Pixxel and Baring Private Equity-backed SatSure, as well as larger entities like Tata Group's Tata Advanced Systems.

time-read
1 min  |
December 25, 2024
Financial Express Pune

Economists for FTAs, land & labour reforms

RCEP was signed by the group of countries in November 2020 except India.

time-read
1 min  |
December 25, 2024
Financial Express Pune

Walking into a minefield

Even though she made a very strong pitch that funds will move away from the regulated markets towards crypto and similar assets, if bourses don't move towards instantaneous settlement, neither brokers, nor the exchanges made a real effort to back her.

time-read
1 min  |
December 25, 2024
Financial Express Pune

Uniting for greater good

COLLABORATIVE PHILANTHROPY is not a new idea. History has many examples of communities coming together for the common good.

time-read
5 minutos  |
December 25, 2024
Financial Express Pune

Labour-intensive exports: Gains likely to be short-lived

India's textile exports saw modest growth in April-November, but this may be short-lived due to a volatile rupee and challenges in the global market. While a weaker rupee could boost exports, the gains may be offset by increased raw material costs and the need for greater competitiveness.

time-read
2 minutos  |
December 25, 2024