Bangladesh and Vietnam dominate the global textile and clothing export market: What can India do to make its mark ?
Zara, H&M, Adidas, Nike and GAP are well-known bands for apparel and clothing customers across the globe. The garment manufacturing for these brands is mostly done in Bangladesh and Vietnam. Have we ever wondered why India is not there is the list of suppliers to these top garment brands, despite being a larger economy as compared to Bangladesh and Vietnam? This blog tries to explore the reasons that are posing challenges for India’s Textile and Clothing (T&C) sector to exploit its full potential in the global market. Image credit: The Independent T&C sector contributes 2.3 per cent to India’s Gross Domestic Product (GDP), 13 per cent to industrial production and 12 per cent to its exports. This sector is the second largest employer in the country providing direct employment to 45 million people and 100 million people in allied industries (Invest India, 2023). While India’s T&C sector holds immense importance for the Indian economy, its exports from India are unable