A country-specific export strategy could turn the tide in India’s favour in the sector, explains an industry expert.

The world apparel trade stood at $445 billion in 2015 down by 8 per cent from previous year. India’s apparel exports grew by 3 per cent in 2015 whereas that of Bangladesh and Vietnam grew by 8 per cent and 16 per cent respectively in the same year. After the phasing out of quotas in 2005, Bangladesh and Vietnam grabbed the opportunity and their apparel exports increased rapidly. Bangladesh surpassed India in apparel exports in 2008 and Vietnam in 2012 as can be seen from the chart below and their apparel exports have been consistently growing and have been higher than India’s exports throughout.

The notion of globalisation is not under threat as a result of Britain’s vote to leave the European Union, writes a senior academic.

A day after the crucial Brexit Vote, it seemed the world had opened its eyes to a new world. An island within Europe had willingly decided to split from the European Union (EU) forever. Soon after, while there was opposition and emotional outcry by people who were not observant of current realities. Brexit isn’t as surprising as it seems in the first instance. Change has always been coming and so it will continue, for good or bad. The only way to be successful, for every individual, business or country, is to evolve and adapt to new realities.

Priti Patel took charge of the UK government’s Department for International Development (DfID) at a time when the country’s aid programme for India was evolving from the traditional hand-outs system to a more collaborative one. ‘India Investment Journal’ caught up with the minister as she completed six months in Britain’s Cabinet.

“We don’t give traditional aid to India but if we look at the facts – the UK is one of the largest investors in India and India is one of the largest investors in Britain. India invests more in the UK than whole of the European Union (EU) put together.

The rising popularity of Tata Motors owned Jaguar Land Rover (JLR) models led to a 15.8 per cent hike in car exports from the UK to India in 2016, the recent UK automotive industry figures released in London revealed.

India is now the eighth largest Asian market for UK car exports with JLR’s Land Rover Discovery Sport, Ranger Rover Evoque, Jaguar XF, Jaguar XE and Jaguar F-Pace among the top five most popular models with a growing number of “affluent buyers” in the country. The Society of Motor Manufacturers & Traders (SMMT), one of the UK’s largest trade associations, said the Indian demand formed part of a wider 17-year high for British car manufacturing last year.

It was billed as a clear signal of a very special relationship that Theresa May had chosen India as her first major bilateral visit outside Europe since taking charge as British Prime Minister. However, if she thought that trade and investment talks can be divorced from concerns over the UK’s ever tightening visa regime, she was in for a surprise.

It has been an eventful few weeks, which will undoubtedly go down in history as having changed the face of the world. Britain voted in a referendum to leave the European Union (EU), a result which sent shockwaves around the financial markets.

In this globalised and deeply inter-connected world, India was not immune to any of these shockwaves. However, as many of the country’s leaders were quick to point out, the economy’s fundamentals were strong enough to weather this storm. As the initial tremors from what has been described