Arthshastra Indian Journal of Economics & Research

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Trade Liberalization and its Impact on the Indian Textile Industry's Export Performance Vis-a-Vis other Competing Countries


Affiliations
1 Senior Assistant Director, Federation of Indian Chambers of Commerce and Industry (FICCI), Federation House, Tansen Marg, New Delhi-110 001, India
2 Consultant, Wazir Advisors, 3rd Floor, Plot No. 115 Sector 44, Gurgaon, Haryana, India

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This paper outlines the effect of phasing out of quotas on textiles trade in 2005 on textile exports from India and its competing countries. Phasing out of quotas led to increased trade in textiles. The paper outlines the trends in trade in the textile industry, share of India and other competing countries in textile and clothing imports of USA and EU - the two major textile and clothing importers of the world and issues facing the Indian textile sector. This paper concludes with some policy measures to make the Indian textiles industry globally competitive for enhancing the exports of textiles and clothing from our country.

Keywords

Phasing Out of Quotas, Trends in Trade, Imports, Textile and Clothing

F140, F430, F620

Paper Submission Date : February 5, 2014; Paper sent back for Revision : April 4, 2014; Paper Acceptance Date : June 16, 2014.

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  • Trade Liberalization and its Impact on the Indian Textile Industry's Export Performance Vis-a-Vis other Competing Countries

Abstract Views: 231  |  PDF Views: 0

Authors

Nisha Goel
Senior Assistant Director, Federation of Indian Chambers of Commerce and Industry (FICCI), Federation House, Tansen Marg, New Delhi-110 001, India
Mukesh Goel
Consultant, Wazir Advisors, 3rd Floor, Plot No. 115 Sector 44, Gurgaon, Haryana, India

Abstract


This paper outlines the effect of phasing out of quotas on textiles trade in 2005 on textile exports from India and its competing countries. Phasing out of quotas led to increased trade in textiles. The paper outlines the trends in trade in the textile industry, share of India and other competing countries in textile and clothing imports of USA and EU - the two major textile and clothing importers of the world and issues facing the Indian textile sector. This paper concludes with some policy measures to make the Indian textiles industry globally competitive for enhancing the exports of textiles and clothing from our country.

Keywords


Phasing Out of Quotas, Trends in Trade, Imports, Textile and Clothing

F140, F430, F620

Paper Submission Date : February 5, 2014; Paper sent back for Revision : April 4, 2014; Paper Acceptance Date : June 16, 2014.




DOI: https://doi.org/10.17010/aijer%2F2014%2Fv3i4%2F55990