New Delhi, Aug. 1 -- With the US administration under President Donald Trump imposing 25 per cent tariffs on Indian goods plus an unspecified 'penalty', India's textile and garment sector is likely to face stiff competition from Bangladesh and Vietnam, who have been hit with comparatively lower tariffs, Ajay Srivastava, founder of trade think tank Global Trade Research Initiative (GTRI), has said.
"Bangladesh and Vietnam are big players in garment exports and have a better tariff position than India. This puts our textile and garment industry at a disadvantage. The same concern extends to leather goods," Srivastava told ANI in a product-wise analysis of the US tariff impact.
While labour-intensive sectors like textiles and leather are e...
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