A Report on Textile Industry, Problem and Measure

Author:Neel Raia, Rajeev Sijariyab*

Abstract:
India is replete with natural resources like cotton, jute and silk. Indian products were known for fine designing, embellishment and craft. Besides this, the ancient Indian fabric designers and weavers were one of the best in the world (Reference: The Dhaka Muslin-one of finest and light weight weaving that could pass through a finger ring). The Indian Textile Industry contributes approximately 2% to India's Gross Domestic Product (GDP), 10% of manufacturing production and 14% to overall Index of Industrial Production (IIP). Indian textile Industry is completely self reliant in the entire value-chain from cotton crop to Hi-fashion garment making. Industry is facing problem due to the high cost of finance, high labour cost (compared with CHINA, competition from other country, recession, etc. The authors have study and explore the area where Textile industry is facing problem in the export and try to analyze the competitors in the market and also examined the are where the industry is facing problem with international market.

Keywords:Keywords: Textile Industry, Handloom Industry.

DOI:

International Journal of Trade & Commerce (Vol: 7 Issue:1)