Punjab Textile Industry Economic Contribution Comparison of Two Decades

Abstract

Textile Industry since the days of Independence has been known to serve the GDP of the nation. The scourge of the industrial output came in 1990s with LPG and this outbreak made the industry more confident of the fact that textile business is safe. The research conducted on the last two decades is throwing the light on it in the new millennium. Indian economy has taken a shift in two phases from agro economy to industrial and then a service based economy. Today the tertiary sector is serving the nation with two-third capacity. The shift is indicating a diversion in attention of the government towards the service sector and ignorance towards the agro sector. This research is indicating the two side of the coin by studying the output data of textile in Punjab and the rest of the nation for comparison. The indications provided by univariate analysis of mean and standard deviation shows the growth potential and actual growth and the bivariate analysis of t-test in the research indicates the pattern of the two decades differ or not. The outcome of the paper suggests the efficacy of the output is not at its true potential and the finding is the dedication towards the industry by farmers and government.