textile industry: India's textile industry faces tough times as consumers cut spending - The Economic Times

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Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 bn. Domestic sales are sluggish despite strong growth in the overall economy because of high costs and cheap imported garments, manufacturers say.

textile industry: India's textile industry faces tough times as consumers cut spending - The Economic Times