Volume : 4, Issue : 1, January - 2015

Impact of Global Recession on Global Textile Exports and Imports

Dr. Yoganandan. G, Dr. Saravanan. R

Abstract :

<p>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. </p>