Understanding India's Textile Industry Decline: Causes and Solutions
The decline of India's textile industry can be attributed to various challenges including increased global competition, outdated technology, and inconsistent supply chains. As one of the largest sectors in India's economy, the textile industry has faced declining profit margins and a reduction in exports. This article explores the reasons behind the industry's struggles and discusses potential avenues for revitalization. It also highlights the importance of embracing technological advancements and the need for policy reforms to support sustainable growth.