Split infra, spread production reduce India's textile exports: NCAER

Trends in the recent half decade show a gradual but fairly sustained shift in India’s export share of the textile market, it noted.

Evolving global trade policy necessitates new strategies for growth of this sector, with significant implications for employment, it said in its report titled ‘India's Employment Prospects: Pathways to Jobs’.

Alongside regional trade agreements, new markets for textile exports outside of the United States have become an imperative for growth of exports in this sector, it said.

Giving example of the 2019 Tamil Nadu textile policy, it said skill development initiatives embedded within a broader labour market strategy aimed at addressing both the skill gap and skill shortage across the organised and unorganised segments like spinning, weaving, knitting and technical textiles are needed.

The gross output for India’s textiles sector grew at 11 per cent, on an average, from 2012 to 2023. This growth rate has been considered for constructing the baseline scenario. The gross output is expected to grow at 18.5 per cent in the moderate growth scenario, and at 25.9 per cent in the high growth scenario.

In the baseline scenario, the gross output is projected to grow at the rate of the average growth rate for the period 2012-2023. As a result, the number of jobs created in the textiles and textile products industry is projected at 150,704 in 2030, the NCAER report added.

ALCHEMPro News Desk (DS)