Home / Knowledge / News / Textiles / Technical textile sector growth co-related to GDP
Technical textile sector growth co-related to GDP
27
Jan '10
Dr Ramkumar
Dr Ramkumar
Recent news from China is worth watching and will be helpful for framing policies to support the growth of technical textiles sector in India. Recently, it was reported Chinese GDP in 2009 grew by 8.7% from its previous year. Strikingly its fourth quarter growth in 2009 has been 10.7%.

The year-on-year growth in 2009 for India has been forecast at 6.7%. China economic growth story made global news with a forecast that China may very well be the world's second largest economy by 2010-11.

How much impact this shift will have on the global economy and in particular, on India's technical textile industry? It is well accepted that the growth of nonwovens and technical textiles sectors are related to the GDP growth of nations. Developed economies such as the US, Western Europe and Japan have followed this pattern. Will India be different?

Industry associations such as the USA based Association of the Nonwoven Fabrics Industry (INDA) predict a linear relationship between the GDP growth quantified by Purchasing Power Parity (PPP) and the growth of nonwovens industry. If this hypothesis holds good for India, we will certainly have a positive growth.

Discussions with many leaders over the past two months have revealed that the growth is not happening fast as expected. It is therefore necessary to create a good understanding on the factors that affect the growth of technical textiles sector in India, more importantly the relationship between India's economic growth and the development of nonwovens and technical textiles sector.

Click here to read the whole article.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
January 2017

January 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