Why is India's textile industry, employing up to 10.5 crore people, struggling?

India's textile industry makes up 2% of GDP and 12% of manufacturing GDP. It also employs about 10.5 crore people directly and indirectly. Why is such a critical industry to India's economy seeing a dip in output and exports? In this episode of #MacroSutra, Economist Radhika Pandey and ThePrint Economy Editor TCA Sharad Raghavan look at this key industry and the issues holding it back.  
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Read Radhika Pandey's column here: https://theprint.in/macrosutra/why-indias-critical-textile-sector-employing-4-5-crore-people-is-facing-challenges/1299489/
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