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Last updateWed, 18 Oct 2017 12am
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Asia

MORE POLICY BACKING NEEDED TO PUSH UP INDIA’S APPAREL EXPORT CAPABILITIES

"While the government is pushing hard to make India a preferred global destination for investment, exports is an area which still needs to grab the attention of the powers that be. Till August 2016, India’s exports had declined continuously for 18 months. There seems to be relief post August with exports starting a modest recovery month after month. In February 2017, exports grew by a healthy 17.5 per cent."


RCEP TO BENEFIT VIETNAM

Vietnam will gain a lot from the Regional Comprehensive Economic Partnership (RCEP). The country's garment and textile sectors will benefit in terms of cost, market scale, and material supply. And, they will not have to bear many trade barriers. The RCEP covers 16 countries, including 10 members of the Association of the Southeast Asian Nations and their regional trading partners of China, Japan, South Korea, Australia, New Zealand and India.

BREXIT MAY TURN OUT TO BE POSITIVE FOR INDIA

The net effect of Brexit may be positive for India. After leaving the EU, the UK would want to develop trade relations with emerging markets from around the world. India, with its strong economic fundamentals and a large domestic market, is in a better negotiating position. India’s high proportion of skilled working-age population and high growth rate will be of particular interest for the UK.

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