Significance of Cotton Textile Industry in India
India is ranked as the second-largest cotton producer with the largest cotton-growing area in the world. It has the advantage of low-cost cotton sourcing and the average wage rate in India is about 50-60% lower than in developed countries, which benefits India in case of global outsourcing trends.
The industry has been investing in technology and is also trying to expand its capacity for the strengthening of relationships with other sectors. Design and capabilities also have come to help Indian companies for strengthening their relationship with global players.
Cotton Textile Industry in India
The cotton industry in India has been considered to be the second most developed in the textile industry of India following the man-made textile. India is the largest producer of cotton and the cotton industry of India is one of the fastest-growing sectors. About 25 percent of the worldâs area under cultivation is under India and includes states like Gujarat, Maharashtra, Andhra Pradesh, Haryana, Madhya Pradesh, Rajasthan, Punjab and Tamil Nadu. About 4.5 crore people in India have been employed in cotton textile industry of India.