Indian Textile Industry Possibilities Galore: Crimson Publishers
Indian Textile Industry Possibilities Galore by Samir Agrawal, Revathy Menon and NIsha Goel in Trends in TextileC Engineering & Fashion Technology
India is the second largest exporter of textiles and clothing in the world. The sector contributes over US$ 30-35 B to India’s exports; it is expected to increase to US$ 80B by 2021. Macroenvironment is favourable for exports with movement of apparel industry away from China, creating a potential market of over US$ 280B for other supplying countries. As our economy crosses the $2000 per capita GDP mark, India is fast emerging as one of the largest consumers of apparels produced. Combined with China, the Asian apparel consumption will soon overtake that of the US and EU combined. This mega-shift will define the industry priorities for several years to come focus will certainly increase on domestic market and those in Asia.
https://crimsonpublishers.com/tteft/fulltext/TTEFT.000531.php
India is the second largest exporter of textiles and clothing in the world. The sector contributes over US$ 30-35 B to India’s exports; it is expected to increase to US$ 80B by 2021. Macroenvironment is favourable for exports with movement of apparel industry away from China, creating a potential market of over US$ 280B for other supplying countries. As our economy crosses the $2000 per capita GDP mark, India is fast emerging as one of the largest consumers of apparels produced. Combined with China, the Asian apparel consumption will soon overtake that of the US and EU combined. This mega-shift will define the industry priorities for several years to come focus will certainly increase on domestic market and those in Asia.
https://crimsonpublishers.com/tteft/fulltext/TTEFT.000531.php
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