Textile Industry Outlook and Challenges

Textile Industry Outlook and Challenges

Tuesday, April 06 2021

The textiles sector is the second largest provider of employment after agriculture. Thus, the growth and all round development of this industry has a direct bearing on the improvement of India's economy. The Indian textiles industry, carrying hand-spun and hand-woven textile sectors at one end of the spectrum and capital intensive sophisticated mills sector at another end of the spectrum, is extremely vast and varied. Known to be the second-largest employment generating sector in the country, the Indian textile sector provides direct employment to more than 45 million people[1]. The decentralized power looms and knitting sector forms substantial part of the textile sector.

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