Economic Survey 2025: India has a great opportunity to align with the evolving global shifts in textiles

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Economic Survey 2025: India has a great opportunity to align with the evolving global shifts in textiles - Economic Times

Quick Summary:

The Economic Survey 2024-25 highlighted textile exports’ rising costs, explaining how India can level up with competing nations.

Simple and liberal customs procedures further reduce regulatory costs and lend a competitive edge to the exports of global textile competitors such as China and Vietnam,” it said.

Emphasising the significance of simplification, consolidation and elimination of processes, the survey stated that these consume the financial and managerial bandwidth of our exporters.“Addressing these challenges can significantly reduce costs and ease the burden on exporters, helping them become more efficient and competitive,” it noted.