Lack Of Government Support &Nbsp; India'S Textile Industry Has Been Hit.

Three years ago, when the recession hit the global textile industry, China raised the export tax rebate rate from 12% to 17%. Pakistan introduced 7.5% R & D tax rebates, and even Bangladesh enjoyed zero import tax benefits in EU countries, attracting a large amount of investment from China and Korea.

Major textile companies say other countries are preparing for resolving the downturn, while India has cut benefits for exporters.

Moreover, the uncertainty of raw material prices and the limitations of infrastructure will make India lose competitiveness in the global market recession.

According to a report, apart from India, other major textile producers in Asia increased their market share in the recession.

Nair, Secretary General of the India Textile Industry Federation (CITI), said: "the support of the government and financial institutions has dropped markedly. The rising cost of Finance and commodity prices have brought severe pressure on the cost and price of products.

Although India has a favorable index in terms of productivity and availability of raw materials, the textile industry has less relevance in the depressed market, and price factors are dominant in a depressed market environment.

Experts believe that the debt crisis of the United States and the European Union could trigger a further decline.

Any reasoning that makes the potential impact of the crisis happening by officials is too early. This crisis will have a partial impact on trade behavior.