World Bank reports India's losses in labor-intensive exports, as competitors gain.

The World Bank reports a decline in India's export-linked jobs over the past decade, as the country misses opportunities arising from China's exit from labor-intensive manufacturing sectors. India's share in global exports of textiles and apparel has fallen, while competitors like Bangladesh and Vietnam have gained. To revitalize exports and create jobs, the Bank recommends integrating into global value chains, diversifying exports, and reducing trade barriers. India's total goods and services exports exceeded $776 billion in FY 2024.

September 02, 2024
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