Indian jute industry (crisis factors): Identify the reasons behind the present crisis in India’s jute sector.
Assess the following factors:
(1) Decline in overseas markets
(2) Inadequate supply of raw jute
(3) Stiff competition from synthetic packing materials
Select the correct combination(s).
Difficulty: Medium
Correct Answer: (1), (2) and (3)
Explanation:
Reasons
Overseas demand decline due to changes in global packaging and sourcing.
Raw jute supply constraints from acreage/price/weather fluctuations.
Competition from synthetics (plastics/PP) erodes market share.
Discussion & Comments