Labour-intensive exports: Gains likely to be short-lived
Financial Express Hyderabad|December 25, 2024
India's textile export growth is likely to be short-lived despite a recent surge, driven by factors such as a volatile rupee and unrest in competing nations like Bangladesh. While this presents opportunities for Indian companies, long-term gains require increased competitiveness and product diversification.

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.

この記事は Financial Express Hyderabad の December 25, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Hyderabad の December 25, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FINANCIAL EXPRESS HYDERABADのその他の記事すべて表示
Financial Express Hyderabad

Quick, quicker, quickest...

SPEED THRILLS, AND how. Just six months ago, the opportunity for quick commerce was estimated at $30 billion by 2030, up from $6 billion in 2024. That has now been raised to $40 billion.

time-read
3 分  |
December 26, 2024
Financial Express Hyderabad

At the G, India up against Head-strong Australia

● In-form batter declared fit for Boxing Day Test

time-read
2 分  |
December 26, 2024
Financial Express Hyderabad

Prosperity through cooperation

The United National General Assembly (UNGA) adopted a resolution proclaiming 2025 as the International Year of Cooperatives with 'Cooperatives Build a Better World' as the theme.

time-read
3 分  |
December 26, 2024
Financial Express Hyderabad

Russia Launches 'Inhuman' Christmas Day Attacks

RUSSIA ATTACKED UKRAINE'S energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an \"inhuman\" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.

time-read
1 min  |
December 26, 2024
Financial Express Hyderabad

Honda-Nissan deal may hold key to fight against BYD

HONDA MOTOR ABSORBING Nissan Motor could give the two struggling Japanese brands the scale they need to take on China's BYD, sales figures released on Wednesday show.

time-read
1 min  |
December 26, 2024
Financial Express Hyderabad

The angry young man

LATER, THE BUREAU of Indian Standards got into examining the matter.

time-read
1 min  |
December 26, 2024
Financial Express Hyderabad

Investors Get Good Exits in IPO Frenzy

IN FACT, A whopping ₹1.6 lakh crore has been mopped up in the primary market in 2024 by 90 firms, the highest so far in a year, topping the ₹1.19 lakh crore raised through IPOs in 2021 by 63 companies.

time-read
1 min  |
December 26, 2024
Financial Express Hyderabad

Impact on auto sector

HOWEVER, THE FALLING rupee presents challenges for import-dependent luxury carmakers like Mercedes-Benz, BMW, Audi, and Volvo.

time-read
1 min  |
December 26, 2024
Financial Express Hyderabad

China Avoids Rate Cut to Brace for Future Pressure

CHINA REFRAINED FROM cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

time-read
1 min  |
December 26, 2024
Financial Express Hyderabad

Yoon Defies Second Agency Summons Over Martial Law

SOUTH KOREA'S SUSPENDED President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

time-read
1 min  |
December 26, 2024