Related Keywords: accounts industrial output, export earnings, export of readymade garments and made-ups, increase dependency on US markets, Indian textile and clothing sector, post-Brexit turmoil in Europe, provides livelihood support, the US most important export market, TPP hurt Indian trade, Transpacific Partnership Pact, Yarn forward rule
Textile and clothing sector accounts for roughly 5 percent of India’s GDP, 15 percent of its industrial output and export earnings and provides livelihood support to 55-60 million people directly or indirectly. With India not a party to the Transpacific Partnership Pact (TPP) comprising Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the US. TPP will hurt India’s trade with its most important export market — the US.
