PESTLE Analysis of Indian Textile Industry
Introduction
The textile business is one of the most important sectors in the world, and the demand for its products is increasing at an exponential pace, making it one of the most profitable. In its direct function, this industry is concerned with the production of material in the form of yarn and fabric, which are the main components in the manufacturing of clothes. It’s a paper on the Indian textile industry, which is regarded as the only other major employer in India’s community after agriculture, providing jobs for both skilled and unskilled workers. More than 35 million people are employed in India’s second-largest industry, manufacturing. The liberalization of the Indian economy after 1990 has resulted in a spectacular and rapid development of this sector, according to research. Various variables such as politics, technology, legal issues, economic conditions and social issues begin to have an impact on company strategy as time goes on. Consequently, the PESTLE Analysis will assist in identifying the key problems and features of the Indian textile sector for this article using the data.
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