Handloom Industry of India-A study on its market, trend and sustainability

摘要

The Indian Textiles and Apparel Industry had to undergo a sea change in the post WTO regime as expected prior to the process of globalisation. There was a skeptical outlook for a drastic change after 01.01.1995. Now one country's market is free and open for rest of world after process of globalisation with permanent institutional set up of World Trade Organisation (WTO) in 1995 at Geneva along with 161 countries including India in lieu of previous GATT (General Agreement on Trade and Tariffs). In this article, detail analysis has been made on the stability of Indian economy in Textile and allied sector. Strength, Weakness, Opportunity and Threats ('SWOT') analyses of Indian Handloom industry clearly indicate the responsible factors for the sustenance of the sector. Market domain, trend, scope and its sustainability have been analysed. The study reveals that the post WTO adverse impact as expected is not as visible as forecasted for the sector.