Financial Performance Analysis of Selected Textile Industries in India

India's textile industry since its beginning continues to be predominantly cotton based with about 65 per cent of fabric consumption in the country being accounted for cotton. The industry is highly localised in Ahmedabad and Bombay in the western part of the country though other centres exist including Kanpur, Calcutta, Indore, Coimbatore, and Sholapur Indian textile industry has witnessed a consistent performance drive during the past few years and has played a major role in the economic growth and development of India. The financial performance of the industry can be studied with regard to various factors namely market place, competitiveness, technology, environment protection and strategic positioning. All the above some factors play a major role in the changes in financial performance of the textile industry. This article analyses the financial performance and forecasting of selectedindian textile industries.