Textiles and apparels is one of the oldest and largest industries in the Indian economy in terms of employment, output and foreign exchange earnings, thus contributing greatly to the exchequer. Given its potential to boost manufacturing, this study focuses on how it can contribute to the government’s Make in India initiative and is the first of a series by TARI in collaboration with ASSOCHAM.
The study corroborates the potential the industry holds and identifies growth drivers which, if tapped appropriately, can further boost growth. It calculates the multiplier effect demonstrating the impact of increasing demand in the industry on employment (5.17), output (2.58) and value addition (3.92) on the economy as a whole and suggests ways to remove the roadblocks for sustained growth. For more details of the report please visit http://www.assocham.
Not everything that counts can be counted, and not everything that can be counted, counts.