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INDIAN FASHION INDUSTRY catering TO GLOBAL MARKET
1. TOPIC- INDIAN FASHION INDUSTRY
CATERING TO GLOBAL MARKET
ECONOMIC TERM PAPER
PRESENTATION
T HARI KUMAR(131449)
SAKASH
AGARWAL(131419)
HARSHA
VARDHAN(131429)
RAMESH(133436)
VENKAT SAI(131433)
6. INDIAN TEXTILE TRADE
Exports have been a core
feature of India’s textile and
apparel sector, a fact
corroborated by trade figures.
Exports grew to USD33.3 billion
in FY12 from USD17.6 billion in
FY06, implying a CAGR of 11.2
per cent.
FY12 was a particularly good
year for the sector, with
exports surging at an annual
rate of 19.8 per cent
CAGR – COMPOUNDED ANNUAL GROWTH RATE
14. • Potential for Higher Growth in near future
• The Indian Textile Industry contributes 14 per cent of the total
manufacturing to global brands like Nike, Reebok, Pepe Jeans,
Armani and Versace for sourcing their merchandise from the
country
• expected to grow fromRs.3.27 lakh crore ($70 billion) to Rs.10.32
lakh crore ($220 billion) by 2020
• For the industry to identify and create new mega clusters —
Madurai, Mundra, Ambala and Mangalore — having tremendous
potential for manufacturing
• The Industry proudly supports 7 million people as a part of its
workforce
CONTRIBUTION TOWARDS WORLD AND
INDIAN ECONOMY
20. CONCLUDING IT
• Textile Industry- Monopolistic form of market.
• In terms of spindle age, the Indian textile industry is
ranked second, after China, and accounts for 23% of the
world’s spindle capacity.
• Garment Industry- Monopolistic form of market.
• Indian Fashion Industry- Oligopoly form of industry.
Source- http://www.dnb.co.in/SMEstextile/overview.asp