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Perspectives of Decentralized Powerloom Industry in India- An Empirical Analysis

Basavraj S Kudachimath, Shashidhar S Mahantshetti
DOI: http://dx.doi.org/10.21013/jmss.v6.n1.p3
Abstract

Decentralized powerloom sector in Indi has always occupied a prominent place in the economic spheres of India. Present study pertains to the decentralized powerloom sector in India and its various dimensions. The data obtained from various reliable sources such as ministry of textiles, fibre2fashion, powerloom development and export promotion council and RBI reports were subjected to time series analysis and regression analysis. The results indicated there is an upward trend towards growth in terms of employment generation and production. The results pointed towards the decentralized sectors’ enormous potential to generate employment to both skilled and unskilled human resource in the country. The regression analysis showed a positive relation between the sector and GDP. In the light of the potentiality of the sector, suggestions have been put forth for harnessing the potential of the sector and make aid the country to be the most preferred source for clothing needs of the world.

Keywords
Decentralized powerloom sector; regression analysis; time series analysis
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