Business News›Prime›Economy›Knitting up a miracle economy: What India should learn from Vietnam’s textile revolution
Trade
Knitting up a miracle economy: What India should learn from Vietnam’s textile revolution
![Knitting up a miracle economy: What India should learn from Vietnam’s textile revolution](https://img.etimg.com/thumb/msid-71303461,width-1015,height-761,imgsize-708537,resizemode-8/prime/economy-and-policy/knitting-up-a-miracle-economy-what-india-should-learn-from-vietnams-textile-revolution.jpg)
![Knitting up a miracle economy: What India should learn from Vietnam’s textile revolution](https://img.etimg.com/thumb/msid-71303461,width-1015,height-761,imgsize-708537,resizemode-8/prime/economy-and-policy/knitting-up-a-miracle-economy-what-india-should-learn-from-vietnams-textile-revolution.jpg)
A shop sells locally made garments in Vietnam's capital Hanoi
Synopsis
Vietnam’s rise from the rubbles is the stuff post-war dreams are made of. From its war-torn past to its glorious present, the South Asian country has transformed into a rising star among emerging-market economies. India has a lot to imbibe from Vietnam’s textile sector which has remained nearly resilient even amid a global slowdown.
When the two-decade long Vietnam war ended in 1975, the country was among the poorest in the world. It was devastated — there was an acute food shortage, inflation was shooting through the roof, and Russian aid was dwindling. There was nothing ahead but gloom. But today, it is a rising star among emerging-market economies. The country’s transformation from the rubbles has been nothing short of phenomenal. In fact, it has even earned Vietnam the
- FONT SIZEAbcSmallAbcMediumAbcLarge
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.