Impact of globalization on indian textile industry
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The economic liberalization ofIndian economy in the early 1990s led to stupendous growth of this Indian industry. The Indian textile industry is one of the largest textile industries in the world and India earns around 27% of the foreign exchange from exports of textiles and its related products.
The economic liberalization ofIndian economy in the early 1990s led to stupendous growth of this Indian industry. The Indian textile industry is one of the largest textile industries in the world and India earns around 27% of the foreign exchange from exports of textiles and its related products.
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Effect of globalization on indian textile industry started when the government opened the countries markets to foreign investment in early 1990's. Globalization of indian industry took place in its various sectars such as steel,pharmaceutical,petroleum,chemical,textile,cement,retail and BPO.
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