Indian economy is an textile industry economy, as about 65 percent of population depends on textile industry sector for their subsistence. Now India's population passed 100 crores with large share of female population that is up to 50 percent of the total population, but 71 percent of the total population living in rural areas. In total female population or rural Aeas i.e., 89 percent females are engaged in textile industry and allied sector. For this reason textile industry continues to be the mainstay of the Indian economy. Its contribution to the national GDP is about 25 percent. In the new millennium with the globalization and liberalization of the economy the challenges in Indian textile industry sector are the quite different form theose net in previous decades. |