Problems and Prospects of Powerloom Industry- An Empirical Study of Belagavi Powerloom Sector

Abstract

The Indian textile industry has an ovenvhehning existence in the Indian economy. It is second largest employer after Agriculture sector in India. It is one of the largest in the world with a massive raw material and textiles manufacturing base. Currently, it contributes about 14 percent to industrial production, 4 percent to the GDP and 17 percent to the country's export earnings. Around 35 million people are directly employed in the textile manufacturing activities. Indirect employment including the manpower engaged in agricultural based raw-material production like cotton and related trade and handling could be stated to be around another 60 million.