Overview of Indian Textile Industry
Indian textile industry is one of the leading industries in the world but this industry largely depends upon the textile manufacturing and export. This industry earns 27% of its total foreign exchange through textile exports. Moreover also contributes nearly 14% of the total industrial production of the company. Indian textile industry contributes around 3% to the GDP of the country. This industry is largest in country in terms of employment generation by generating employment of 35 million people, and estimation is that this industry will generate 12 million new jobs by the year 2010. SWOT Analysis of Indian textile industry also reflects that India has great advantage in spinning sector.