Textile is one of the very important areas which went out ofGATT because of the
pressure from developed countries. It remained outside themainstream for a long
time and it looked impossible to get it back into themainstream. By 2005 textile
would be completely liberated and competition willbe the only parameter for
deciding upon the main issues. The market shares ofvarious countries will be
decided accordingly. There is an urgent need tomodernise the Indian textile
industry to improve its importance and be able tocompete globally. Indian
Textile Industry: Liberalisation And World Market dealswith the salient issues
relevant to this important industry and concentrates on critical issuesto impart
awareness