The impact of indian foreign trade policy (2009–14) on export in textile industry

Indian Textile Industry is one of the leading industries in the world. Though was predominantly unorganized industry even a few years back, but the scenario started changing after the economic liberalization of Indian economy in 1991. It accounts for 14% of the total Industrial production, contributes to nearly 12% of the total export and is the second largest employment generator after agriculture. This manuscript deals with structure, growth and size of the Indian textile industry, role of textile industry in economy, key advantages of the industry, textile industry export and global scenario and strength, weakness, opportunities and treats of the Indian textile industry. Research is done mainly by collecting and analyzing secondary data. The major sources of these data are websites of Ministry of Textile, WTO etc. A fair amount of information is collected from magazines and other academic publications to obtain Knowledge working procedure regarding in this field. The export of textiles and clothing aggregated to US$ 22.42 billion in 2009–10. The Government fixed the target for 2010–11 at US$ 25.48 billion and it has achieved US$ 26.82 billion.