Garment crisis hits Bangladesh's economy
Edited By WION Video Desk
Published: Mar 23, 2025, 12:25 IST | Updated: Mar 23, 2025, 12:25 IST
Bangladesh’s textile industry, the backbone of its economy and its largest foreign exchange earner, is facing a severe crisis amid diminishing government support and policy shifts under the interim administration in Dhaka. The turmoil in the sector, which accounts for nearly $48 billion in annual exports, has raised concerns over job losses and declining global competitiveness.
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