Transcription of INDIAN TEXTILE INDUSTRY: Trend and Future …
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INDIAN TEXTILE INDUSTRY: Trend and Future …
INDIAN TEXTILE INDUSTRY: Trend and Future directionIntroduction Thetextilesindustryhasmadeamajorcontribu tiontothenationaleconomyintermsofnetfore ignexchangeearningsandcontributiontotheG DP. ,thegrowthandallrounddevelopmentofthisin dustryhasadirectbearingontheimprovemento fIndia'seconomy. TextilesexportsfromIndiawilltouchUS$ Export , Growth in exports of certain segments were high such as handicrafts (17%), carpets (15%) and ready made garments (12%), Textiles Export Indiahasashareofapproximately5% %iCotton Fibre9%iiCotton Yarn, Fabrics and Made ups23%iiiMan-made Textiles14%ivGarments39%vHandlooms & Handicrafts11%viOthers4%Projections for India in World Exports YearWorld Textiles Exports($ Billion)India's Exports($ billion) for Domestic Textiles IndustryYearDomestic Industry ($ Billion) Availabilityoflowcostandskilledmanpowerp rovidescompetitiveadvantagetoindustry.
Introduction The textiles industry has made a major contribution to the national economy in terms of net foreign exchange earnings and contribution to the GDP.
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