Textile Industry Essay

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Indian textile and clothing industry is one of the important sectors in terms of foreign exchange. India is among the world’s top producers of yarn and fabrics. The Textile industry is highly dependent on cotton.it is principal raw material for textile industry. India ranks second in production among all cotton producing countries in the world, next to china. The textile and apparel industry can broadly divide into two segments-yarn and fabrics. India accounts 14% world’s production of textile yarn and fabrics.

Important features of Indian textile industry

• India covers 61% of the international market.
• India covers 21% of global market
• Third largest manufacture of cotton across the globe.

Factors affecting
Textile industry has hard hit by increase in cotton prices. There are many reasons that causes cotton prices to go high. Due to shortage of raw material. Cotton prices are determined by the balance between supply and demand.
Climate change impacts on cotton growth and development that influence the yield and fibre quality. Net effects are:
• Increase in co2 concentration.
• Reduced water availability.
• Increase in temperature.
The rise in cotton price due to the lack of any subsidy by the government to farmers. Rise in cotton price is advantage to farmers as textile industries will pay high price to farmers.

PEST PEST stands for Political Economic Social and Technological.
It helps a business to understand various macro environmental factors that need to be take into consideration while determining decline or growth of a business.
An industry will not be able to gain success, good reputation if it will not considered legal and political sector as part of their

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