The Unemployment Rate Of India Textile Industry Highlights In 2011.
In 2011, the textile industry in India had to work hard to overcome several challenges, including weak domestic and foreign markets and high prices.
Raw material
This leads to an increase in production costs.
These factors led to the textile industry in India in 2011.
Unemployment
The number is estimated to be 120 thousand, India.
Spin
There are about 35 million workers in the industry.
Nair, Secretary General of India Textile Industry Federation, said: "textiles and clothing are the most intensive sectors in our manufacturing sector.
The decline or stagnation and the decline in domestic demand have led to a marked rise in unemployment.
However, the actual unemployment figures can only be quantified through detailed investigations. "
In analyzing the causes of unemployment, Mr. Nair said, "in 2011, there was a loss in all sectors of the value chain.
Since the beginning of October 2010, the price of raw materials in international and domestic markets has undergone roller coaster changes. Some of the government's decisions, especially on cotton yarn exports, have also become a major factor.
The decline in domestic demand and prices has added to sadness.
Nair predicted that in the current fiscal year, the employment situation has improved. He said: "the textile value chain is recovering, though this process is still rather slow.
The recovery rate is expected to accelerate after April 2012, when the global and domestic markets are expected to improve.
The people postponed purchases of consumer goods because of the recession and uncertainty.
However, it is not clear in terms of textile products because textile products have a large demand for basic products.
With the improvement of industry, employment opportunities will increase. "
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