Challenges and Opportunities in the Evolving Garment Industry: The topic of the paper is keeping a focus on India, ethics and environmental impact.
The garment industry is in a precarious position because it is being threatened by numerous problems and chance. India is all set to become a major contender as a source by offering the American companies political stability that Bangladesh’s instabilities have cost to it, in terms of financial incentives and potential elimination of tariffs. While the global ready-made garment industry is expanding rapidly, India’s readymade garment industry has slowed due to poor domestic demand. That is why it is also facing environmental and ethical challenges, including the growing danger to workers due to heat and a rise in child labor in supply chains, which demands improving workers’ protection and supervision. Similarly, proposed GST increases in India have been expected to cost people their jobs, and reduce their patronage to companies. These Garment Industry Updates show some of the challenges that are characteristic of the garment industry now.