Analysis of Government Policies, A Critical Study with Special Reference to Indian Textile Industry Post GATT
Author : Dr. Prachi Pargaonkar
Abstract :
Indian Textile Industry has for long been crippled with problems like fragmentation, lack of modernization, lack of infrastructure making its product internationally less competitive. However, with GATT coming into force, the international business has become extremely competitive, as quantitative restrictions are removed for all member nations of WTO. At the time it was enforced in 2005, it was expected that with abundance of raw material, Indian Textile Industry shows significant improvement in its global presence. Government’s supportive policy was the need of the hour for this industry to make its presence felt in the international market. Analysis of Government policies since 2005 done in this paper finds that Government has indeed been very supportive to make Indian textile industry competent in terms of cost, efficient in terms of value chain, creation of job opportunities with special focus on Small and Medium Enterprises.
Keywords :
Indian textile industry, GATT, government policies
