Export Storm Brews: Labour-Intensive Sectors Face Headwinds
India’s export-oriented sectors are bracing for turbulent times, according to leading economist Dawra. His recent analysis points to significant challenges facing labour-intensive industries.
These include electronics, jewellery, pharmaceuticals, textiles, and leather goods. Dawra warns of substantial impact from evolving global trade patterns.
The changing dynamics, he explains, pose a serious threat to employment and economic growth in these crucial sectors. This necessitates proactive policy interventions.
Dawra’s concerns underscore the need for the government to implement strategic measures to safeguard these industries. Failure to act decisively could lead to widespread job losses and dampen India’s economic progress. The upcoming budget will be keenly watched for any such initiatives.
