10% rise in China apparel prices to create 1.2 million Indian jobs: World Bank report
NEW DELHI: Rising wages in China presents a huge opportunity to the apparel sector in India with a possibility of creating up to 1.2 million jobs in the country, a World Bank report said today.
Even a 10 per cent rise in Chinese apparel prices could create at least 1.2 million jobs in Indian apparel industry, the report estimates.
“Rising costs of apparel manufacturing in China provides a window of opportunity for India to focus on apparel in productively employing its huge working-age population,” said Onno Ruhl, World Bank Country Director, India.
According to the report titled ‘Stitches to Riches? Apparel Employment, Trade and Economic Development in South Asia’, women are expected to benefit the most as their share in the total apparel employment is much higher than their share in other industries.
BJP GOVT SHOULD SEIZE THE OPPORTUNITY TO MAKE IN INDIA, MOVE FAST
But India need to improve its quality. Keeping wages low in India is not the best way to reduce poverty.
A .S. Mathew
Can India beat VietNam, Cambodia and Philippines in wages and peaceful labor surroundings?
Wonder how many readers grasp the meaning of this post? Cheaper labour, specially the women; exploit them to accumulate wealth in hands of few by increasing the profit rate!!!This is blood sucking, anti labour, anti women capitalism!