 "exports")
Backed by the 'China Plus One' sentiment globally, India’s textile exports is expected to grow by 81 per cent to $65 billion by 2026 from the pre-Covid level of around $36 billion in 2019, said a report by the Confederation of Indian Industry (CII) and global consulting firm Kearney. This jump is likely to generate 7.5-10 million new jobs.
A large chunk of this targeted increase, or around $16 billion may come from the China Plus One sentiment due to India’s relatively large strategic depth compared with Vietnam or Bangladesh, the report said. “We believe with the right actions from
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