Significance and Future Prospects of Textile Exports in Indian Economy

Abstract

Textile exports forms a significant role in Indian economy in terms of generating employment and earning foreign exchange. Developing economies like India have made transformational changes in Industry in technological ways through various innovative measures from low technology level to a producer of high technology products. The Indian textile industry is also highly diversified and is gradually moving to branded segments. The role of Government in the Industry cannot be underestimated and has given impetus to the Industry especially after removal of quota system MFA in year 2004. The research paper intends to understand the significant role of textile Industry, its share in total exports and future prospects.