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Podcast: businessline's State of the Economy Podcast
Episode: How can India leverage its textile industry to boost export?
Description: The textile sector, one of the oldest industries in the country, still continues to be critical for the sustainability of the Indian economy. Contributing about 2% to India’s GDP, the labour-intensive sector, is the second largest employer in the country after agriculture. India is also a major exporter of textiles, accounting for 8–9% of total exports.  However, given the Covid-19 scenario and the ongoing issues in the global market, domestic production has turned sluggish. There are many issues that the government must tackle, such as the move away from cotton by the Western market, LDCS grabbing a greater chunk...