According to this report China is making inroads into India's domestic market.
Imagine that, China can produce textile raw material and export it to India CHEAPER than India can do it on its own.
The increase in imports to India from China is growing at a 33% a year rate.
The reasons:
1. India has lower-scale operations
2. India canno fulfill large-scale orders
3. India cannot produce specialized fabrics
click here to continue reading...