India’s exports from the labour- intensive sector such as textiles, garments, gems and jewellery, and leather exports have slowed despite the free trade agreements (FTAs) in the past as efficient suppliers from China, Vietnam and Bangladesh gained market share in global trade, a report by think tank Global Trade Research Initiative (GTRI) said.
Overall goods exports have been on the decline for the better part of the ongoing financial year due to demand slowdown in the west – a key consumer of Indian textile and gems and jewellery exports. Property crisis in China has also resulted in slowing of Indian exports.
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