Abig opportunity awaits India in the global apparel trade. It is valued at about $50 bn and is the direct result of the projected decline in China’s share in this segment from 41 per cent at present to about 35 per cent in the current decade ending 2025. China’s dominance over the global textiles and apparel trade has been gradually waning after the economic crisis in 2019. Apparel exports are expected to go down to about 4 per cent (CAGR) from about 12 per cent during the above period. Overall, China’s economy is estimated to grow slower than India’s this year (2019) and the next (2020) according IMF estimates. The decline in China’s share has virtually created a gap. Who will fill this void – India or its competitor? (CAGR: Compounded Aggregate Growth Rate).

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