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Indian garment groups warn that GST changes could harm a $67B industry employing 39 million.
Garment trade associations in India have urged the government to keep current GST rates, arguing that proposed changes could disrupt manufacturing and weaken consumer demand.
They recommend a Production Linked Incentive scheme, protection for small businesses during insolvency, and an interest subsidy for the sector.
The apparel industry, worth Rs5.4 lakh crore, employs about 39 million people.
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Grupos de prendas de vestir de la India advierten que los cambios en el GST podrían dañar una industria de $67B que emplea 39 millones.