Economics, Econometrics and Finance
4 years ago

India's Textile Industry Set to Double Global Market Share by 2012.

MPRA Paper
Indian textile industry: sea of potential opportunities
Senthilkumar Nakkeeran, Subburethina Bharathi Pugalendhi

Paper Summary

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India aims to increase its global textile industry share to 8% by 2010, with a focus on cotton textiles and technical textiles. The industry contributes 9% to GDP and 35% to foreign exchange earnings. Despite growth, India's global export share is only 3%, lagging behind China. Innovation in design and fabric selection is crucial for product value. India ranks 33 in investor protection but has export processing zones for duty-free imports. Korea and Taiwan lead in textile exports, with Turkey catching up and Thailand and Indonesia close behind.