New Delhi, March 28 -- The domestic textile sector needs swift reforms in supply chain integration, cost efficiency, and sustainability compliance to sustain its competitive advantage, the government think tank Niti Aayog said in a report on Friday.
In its report titled Trade Watch July-September (Q2) FY25, which evaluates the competitiveness of the textile sector, Niti Aayog highlighted the industry's critical role in the nation's industrial output, employment and exports.
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The sector accounted for 5% of total exports, valued at $34.2 billion in 2023.
However, despite being one of the oldest industries, its share in global trade remains modest at 4%, positioning India as th...
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