Labour-intensive sectors could bear greater brunt of global deceleration

Three takeaways

• Global slowdown this year will be led by advanced economies, especially the US and the eurozone
  
• Being two of India’s largest export destinations, a slowdown in their economies would imply lower demand for Indian exports
  
• Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making them particularly vulnerable to a slowdown in these economies