Home / Knowledge / News / Textiles / Growing middle class to enhance viability of technical textiles
Growing middle class to enhance viability of technical textiles
06
Jun '09
The technical textile sector is directly dependent on the economic growth of a country. India is a developing nation and with the country on a high growth trajectory, the sector is also bound to grow. GDP of India is predicted by industry analysts to grow by 6% in 2009. Growth of technical textiles is directly with this growth rate.

There are a few major reasons for the growth of the industry. The industry is also directly related to the growth in the middle class population. Estimates predict that by 2030, there would be nearly half billion middle class people in India, which is expected to have a positive effect on the growth of the technical textile sector.

A growing middle class population and rising incomes will create a demand for lifestyle enhancing products. This will require a strong homegrown technical textiles base, which can cater to the needs of growing middle class. .

Technical textiles industry can cater to both domestic and export markets, which will in turn provide a safety net for investments made in the Indian technical textile industry.

Click here to read the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search