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India’s textile exporters should cotton on to the fact that China’s pain could be their gain. They can be optimistic as reports come in of trouble brewing in the East Asian economy, which is reportedly losing share in textile exports to countries such as Vietnam and India.
The increase in raw material prices, the impact of Covid-19 and a growing US-led boycott of cotton — a major input in textiles — from China have led to a noticeable fall in
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