The economic reforms initiated in 1991 introduced far-reaching measures, which changed the working and machinery of the economy. The reforms have unlocked India’s enormous growth potential and unleashed powerful entrepreneurial forces. Indian textile industry, until the economic liberalization of Indian economy was predominantly an unorganized industry. The textile and clothing sector is an important one in the Indian economy. Textiles and clothing sector has been significant in India’s export basket as well as largest generator of employment.
The economic liberalization of Indian economy in the early 1990s led to stupendous growth of this Indian industry. Further, phasing out of quotas on textiles trade in 2005 on textile exports from India and its competing countries led to increased trade in textiles.
An attempt has been made in the book to analyze the impact of trade liberalization and textile policies on growth, factor productivities, sources of productivity growth and technical progress of Indian textile industry during pre- and post-liberalization period and post-MFA regime. It is well intended to study inter and intra-product group growth in the pre- and post-liberalization and post-MFA regime and to estimate partial and total factor productivity.
Another important objective is to study and formulate development strategies for the textile industry. This book concludes with some policy measures to make the Indian textiles industry globally competitive for enhancing the exports of textiles and clothing from our country. This book will be useful for students, researchers, and policymakers.