#Economy #labour #export #GS_3
Effect of currency devaluation on exports.
The much lauded low wages of Indian labour (as compared to Chinese) used to pose competitive advantage in exports.
Close competition by other southeast Nations is a challenge to labour Rich exports.
Labour Rich export are (from graph) - textile , farm, plantation ,Marine ,gems jewellery ,leather, stone cement, ceramic and allied products across three sectors
Effect of currency devaluation on exports.
The much lauded low wages of Indian labour (as compared to Chinese) used to pose competitive advantage in exports.
Close competition by other southeast Nations is a challenge to labour Rich exports.
Labour Rich export are (from graph) - textile , farm, plantation ,Marine ,gems jewellery ,leather, stone cement, ceramic and allied products across three sectors