Analysis of Microeconomic Factors influencing Textile Industry in India
An Analysis of
Microeconomic Factors affecting
Textile Industry of India
By
Manisha Chugh (C014)
Omkar Sathe (C045)
Riaz Malik Mohammad (C062)
Tejal Mehta (C063)
Index
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Overview of Textile Industry…………………………………………..4
Textile Industry - Pre and Post Liberalization……………………4
Growth Indicators………………………………………………………….5
Economics…………………………………………………………………….5
Factors affecting the industry………………………………………….6
Export………………………………………………………………………….6
Competition………………………………………………………………….7
Government Policies…………………………………………………….10
Pricing………………………………………………………………………..12
Future Prospects……………………………………………………….…13
1. Overview
The textile industry occupies a vital place in Indian economy and contributes substantially to its export earnings. It encompasses a range of industrial units, which uses wide variety of natural and synthetic fibres to produce fabrics. The industry can be broadly classified into two sectors, organised and the unorganised mill sector. Considering the significance and contribution of textile sector in national economy, a lot of efforts are being made to take urgent and adequate steps to attract investment and encourage wide spread development and growth in this sector.
The Indian textile industry contributed about 14% to industrial production, 4% to the country’s GDP and 12% to the export earnings of the country in the year 2011. Also, it is the second largest provider of employment in the country after agriculture industry. Around 35 million people are directly employed in the textile manufacturing activities. Indirect employment which includes manpower working in the cotton and the related trade which is agricultural based raw material production and handling can be stated to be around another 60 million. An average of 7 additional jobs are created for every Rs1 lakh invested in the industry, The major players in the Indian industry are Welspun India LTD, Vardhman Group,
Microeconomic Factors affecting
Textile Industry of India
By
Manisha Chugh (C014)
Omkar Sathe (C045)
Riaz Malik Mohammad (C062)
Tejal Mehta (C063)
Index
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Overview of Textile Industry…………………………………………..4
Textile Industry - Pre and Post Liberalization……………………4
Growth Indicators………………………………………………………….5
Economics…………………………………………………………………….5
Factors affecting the industry………………………………………….6
Export………………………………………………………………………….6
Competition………………………………………………………………….7
Government Policies…………………………………………………….10
Pricing………………………………………………………………………..12
Future Prospects……………………………………………………….…13
1. Overview
The textile industry occupies a vital place in Indian economy and contributes substantially to its export earnings. It encompasses a range of industrial units, which uses wide variety of natural and synthetic fibres to produce fabrics. The industry can be broadly classified into two sectors, organised and the unorganised mill sector. Considering the significance and contribution of textile sector in national economy, a lot of efforts are being made to take urgent and adequate steps to attract investment and encourage wide spread development and growth in this sector.
The Indian textile industry contributed about 14% to industrial production, 4% to the country’s GDP and 12% to the export earnings of the country in the year 2011. Also, it is the second largest provider of employment in the country after agriculture industry. Around 35 million people are directly employed in the textile manufacturing activities. Indirect employment which includes manpower working in the cotton and the related trade which is agricultural based raw material production and handling can be stated to be around another 60 million. An average of 7 additional jobs are created for every Rs1 lakh invested in the industry, The major players in the Indian industry are Welspun India LTD, Vardhman Group,