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The world’s largest cotton grower is India. It is a crop that is crucial to both the Indian economy and the life of cotton growers there. Several people in India make their living from the cotton industry.
The India cotton market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
India’s cotton production: Seeking white gold.India is home to a variety of crops, including grains, pulses, oilseeds, vegetables, sugarcane, and soybeans, among others, that contribute to the country’s population’s security of food and nutrition as well as their ability to sustain their economy.
One of the most important of these products, cotton, plays a crucial part in India’s global agricultural strategy. India is the second-largest exporter of textiles in the world and the third-largest exporter of cotton in the world, making a considerable economic contribution to the nation.
Participating in the global cotton value chain are small- to medium-sized Indian cotton producers and agricultural labourers. Therefore, it is the nation’s duty to make sure that it not only works to improve its place in the world cotton market but also makes preparations for a prosperous, safe, and sustainable future.
Adapting to newly developing, globally market-based initiatives that support sustainable development is one method to do this. India will gain an advantage by utilising the reach of development diplomacy to expand its position in the global cotton and textile trade, which will enable it not only remain competitive on a global scale in the cotton supply chain.
The introduction of cotton sustainability criteria that are voluntary
The global textile supply chain is undergoing a paradigm shift; it is working toward environmental and social improvement to satisfy the sustainability standards imposed by international textile and home furnishings retailers, in order to lessen the negative effects of climate change on cotton farmers and cotton cultivation.
Voluntary Sustainability Standards (VSS), which include certification programmes, labelling initiatives, and private standards, are being used to achieve this. Better Cotton Initiative (BCI), Organic Cotton, Fairtrade Cotton, and Cotton Made in Africa are the four main VSS that now dominate the sustainable cotton value chain.
