An Analysis of Trend and Growth Rate of Textile Industry in India

R Kadhar Mohideen; P Muthuraju

R Kadhar Mohideen Head, Department of Management studies, PG and Research Department of Commerce, Jamal Mohamed College
P Muthuraju Ph.D. Research scholar,PG and Research Department of Commerce,Jamal Mohamed College

Abstract

Indian history witnesses the wonderful achievements of the textile industry. Currently the Indian textile industry is one of the most important industries of our economy not only in terms of output but also in terms of foreign exchange earnings and employment generation. For example, it contributes about 14 percent to industrial production, 4 percent to the GDP and 17 percent to the country's export earnings. In the global textile market the major importers are USA, European Union and Canada. Asia has been the principal sourcing region for imports of textiles and clothing by both USA and European Union. The present paper attempts to analysis the trend& growth of the Indian textile industry.