ABSTRACT
The aim of this chapter is to bring together the major findings of this volume. The policy implications are also discussed in this chapter. The findings reveal that the post-liberalization era has brought new opportunities for the Indian textile industry, but at the same time, the reforms have also imposed certain challenges, particularly from the cheaper imports. In addition to this, export competitiveness (EC) is another challenge that needs to be addressed to sustain in the international market. The Indian textile industry has to battle for its share in the global textile trade. The study of growth performance and trends in labour and capital productivity (CP) in the Indian textile industry and its groups presented to some extent a pessimistic representation of the Indian textile industry. This is largely due to decreasing growth rate of labour and CP in the ‘Textile Products’ group, which is a serious concern because of the fact that the global market is becoming more and more competitive and hence requires high productivity to sustain a share in the international markets.
