Impact of Global Recession on Global Textile Exports and Imports
Journal Title: GJRA-Global Journal For Research Analysis - Year 2015, Vol 4, Issue 1
Abstract
Textile industry is one of the oldest and largest industries in the world providing employment to billions of people. In this article an attempt was made to study the impact of global recession that started in the year 2008 on global textile exports and imports. China in the global textile imports decreased from 8.1 percent in 2011 to 6.6 percent in 2012. India on the other hand doubled its share of textile imports in the global textile imports from mere 0.4 percent in 2001 to 1.1 percent in 2012. The textile imports of both European Union and United States of America got affected due to the severity of the recession, the repercussions of which were felt as early as 2008.
Authors and Affiliations
Dr. Yoganandan. G, Dr. Saravanan. R
Keywords
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