Archive for January 28th, 2010

Growth of Technical Textile Industry, associated with GDP

Thursday, January 28th, 2010

Latest news from China will be of great help to structure the policies for supporting the improvement of Indian technical textile industry. Reports show that Chinese GDP rose by 8.7% in year 2009 than that was there in the previous year, recent reports show. It growth in fourth quarter has been approx 10.7% in 2009.

Year after year development and growth for India, in 2009, has been forecasted at nearly 6.7%. The economic growth story about China featured in the global news states that China may get recognized as World’s second largest economy by the year 2010-11.

Association based by USA for Nonwoven Fabrics Industry (INDA,) expresses a linear structured relationship between the nonwoven industry growth and growth of GDP quantified by PPP, Purchasing Power Parity. If such hypothesis prevails effective for India, we are likely to get positive growth and development.

Since previous two months, various discussions are being lead among the leaders, that revels that existing rate of growth is not matching up anywhere with the lead expectations. This is encouraging the need for creating better understanding over the factors that directly affects the technical textile sector’s growth in India, emphasizing the relationship between the development of technical textile and nonwovens sector and economic growth of India.