4. International Competitors
• India is facing stiff competition in International Market from China followed by
European Union and USA.
• In Textile Industry - Vietnam, Bangladesh and Indonesia grew much faster than
India in terms of supplies to the US market.
•India is the 3rd largest producer of leather in the world after China and Italy.
6. SUGGESTION
• Export more, import less and use gold lying
temples, homes.
• India needs to scrap iron ore export tax as
prices sink
7. CHALLENGES
• Risk Involved
• Government Control
• Difference in laws
• Difficulty in payment
• Custom duty
• Lack of information
• Economic dependence