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Problem 14 - Olympiad

Which of the following is NOT a major challenge faced by the jute industry in India?

A. Stiff competition from synthetic substitutes.B. Declining domestic and international demand for jute products.C. Lack of raw material availability within the country.D. High cost of production compared to competitors.

Correct: C

India is the largest producer of raw jute and jute goods globally, so the lack of raw material availability is generally not a challenge. The main challenges for the Indian jute industry include competition from cheaper synthetic substitutes, high production costs, and a decline in demand.