Why are India's garment export returns reported as lower than expected by RBI
Reports indicate that India's garment export returns are not meeting expectations, as highlighted by the RBI.
- A decrease in demand due to the ongoing global economic slowdown could be a contributing factor to the lower-than-expected garment export returns in India.
- Competitive pricing from other garment exporting countries like Bangladesh and Vietnam may have impacted India's market share.
- Issues related to quality control, timely delivery, and compliance with international standards could also be causing a decline in exports.
- Changes in trade policies and fluctuations in currency exchange rates may have further affected India's garment exports.
- Internal challenges such as lack of infrastructure, high production costs, and labor issues could be hampering the growth of the garment export sector in India.
Answered
11 months ago