10% rise in China apparel prices to create 1.2 million Indian jobs: World Bank report

10% rise in China apparel prices to create 1.2 million Indian jobs: World Bank report

Recent World Bank report stated that, 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. As per the report minimum 10 percent rise in Chinese apparel prices could create at least 10 million jobs in the Indian apparel industry. It was also estimated that 1 percent rise in expected wages in the textiles and apparel industry could raise the probability of women entering the labor force by 18.9 per cent. Lower excise taxes would improve productivity in the formal sector.

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