State the major challenges of jute industry that are leading to its decline in India.
The major challenges before jute industry leading to its decline are:
1. After the partition, most of jute producing areas have gone to east Pakistan,now Bangladesh, and thus jute industry is facing the problem of shortage of raw material.
2. India is facing high cost production and stiff international competition,especially from Bangladesh, and international market like Brazil and Philippines are also giving serious challenges to India.
3. Continuous decline in the demand of jute due to increase in the demand of its substitutes is another major problem faced by this industry.
4. Old and outdated machinery is another major problem leading to decline in the production of jute products.