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India’s garments sector faces tariff challenge, country needs bold reforms: GTRI’s Ajay Srivastava

New Delhi [India], August 1 (ANI): With the US administration under President Donald Trump imposing 25 per cent tariffs on Indian goods plus an unspecified ‘penalty’, India’s textile and garment sector is likely to face stiff competition from Bangladesh and Vietnam, who have been hit with comparatively lower tariffs, Ajay Srivastava, founder of trade think tank Global Trade Research Initiative (GTRI), has said.