Cheap imports, higher taxes hit India's textile industry

Who is responsible for the Slowdown of India’s Textile Industry? India’s economy is getting slowing down. It has especially impacted the textile industry – and led to thousands of employees losing their jobs.

Countless of them says cheap imports, a decreased export market and high taxes are to blame for the decline. They are suggesting the Indian government formulate a financial stimulus package to kick start economic and industrial growth.

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