Narrative Overview:
The Indian textile and apparel sector, a significant employment generator with nearly 45 million jobs, is facing a severe crisis. A study by the Textiles Committee highlights the sector's distress, marked by declining exports, stagnant wages, increased imports, and a substantial impact on employment.
Key Issues Highlighted:
1. Employment Impact: Between 2015 and 2020, the sector lost approximately 2.14 lakh jobs, as reported by the Textiles Committee.
2. Wage Stagnation and Incentive Loss: The slowdown has led to flat wages and ...
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