Which of the following statement(s) is/are correct?
A. Only I
B. I and II
C. II and III
D. All of the above
Answer:D
Which of the following statement(s) is/are correct?
A. Only I B. I and II C. II and III D. All of the above
Explanation: It is labour-intensive, with 30 per cent of costs from wages and only 2-3 per cent of costs are due to capital-intensive inputs like power. And yet India is ceding market share in the global apparel industry to countries like Bangladesh and Vietnam. Formal sector apparel firms are about 15 times more productive than their informal sector counterparts.