Latest News – Harnessing manufacturing sectors such as clothes and leather, which require low skill, is the key to large scale labour absorption and export growth for the country, according to the Economic Survey 2016-17.
Released by the central government on Tuesday, the Survey has an entire chapter on the subject, titled “Clothes and Shoes: Can India Reclaim Low Skill Manufacturing?”.
The Survey pointed out that India was at a good position to take advantage of China’s deteriorating competition because of higher wage costs. But, it also noted, with alarm, that this was not happening.
“The space vacated by China is fast being taken over by Bangladesh and Vietnam in case of apparels; Vietnam and Indonesia in case of (Read More)