Pradhan
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Title: Pradhan

Essay Details:

Subject: Technology
Author: Joan T
Date: April 19, 2011
Level: University
Grade: A
Length: 13 / 3696

Essay text:

Thus, the growth and all round development of this industry has a direct bearing on the improvement of the economy of the nation. Due to policy measures initiated by the Government in the recent past, the Indian textiles industry is in a stronger position than it was in the last six decades. The industry which was growing at 3-4 percent during the last six decades has now accelerated to an annual growth rate of 16 percent in value terms and will reach a level of US $ 115 billion (exports US $ 55 billion; domestic market US $ 60 billion) by 2012, from US$ 52 billion in 2007-08. The catalyst for this exponential growth is a buoyant domestic economy, substantial increase in cotton production, a conductive policy environment provided by the Government, and the end of the Multi Fiber Arrangement (MFA), on December 31, 2004...

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