IDEAS home Printed from https://ideas.repec.org/a/sae/vision/v25y2021i1p7-11.html
   My bibliography  Save this article

COVID-19 and the Indian Textiles Sector: Issues, Challenges and Prospects

Author

Listed:
  • Kanupriya

Abstract

The Indian textiles sector has been one of the worst hit sectors due to the COVID-19 crisis. In the context of its socio-economic primacy for the Indian economy, which is second only to agriculture, the industry must be given sufficient attention in academic and policy circles. This perspective is an earnest attempt at filling the void in scholarship on the issue of linkages between the Indian textiles sector and the COVID-19 crisis. The unprecedented crisis in the form of COVID-19 flu pandemic has threatened to derail the socio-economic life of people globally. In the current context, this article discusses the impact of COVID-19 on the globalized Indian textiles sector, given the primacy of the same with regard to social and economic realms of the country. The study employs the method of assessing the impact of crisis from both demand and supply sides, which in turn generates a combined impact. It is found that the crisis has manifold implications for this vital industry. Be it from the angle of consumer demand or production networks, the calamity has made its presence felt across different processes of the sector. Given the multiplicity and depth of these influences, it becomes imperative for the stakeholders, namely government, industry and the citizens to evolve innovative and valuable measures to contain the negative fallout from the crisis on this vital business. Failure to do so could imperil scores of jobs and livelihoods and impede economic growth. While the exact impact and combative strategies may be dynamic and evolutionary as and when the crisis unfolds, the study pieces together diverse aspects of the fallout of COVID-19. The analysis emphasizes on the need to think ‘out of the box’ for tackling this unprecedented crisis. Some of the probable solutions to tackle the crisis could be relaxation of tax compliance deadlines and rules, especially for the lower economic strata, so that consumer demand conditions do not deteriorate precipitously. Also, a more comprehensive financial package than the ones already announced (read: Atmanirbhar Bharat Abhiyan), factoring in labour and export-intensive sectors of the likes of textiles, could be announced to stem the negative fallout of the pandemic on the sector. The other major step could be concessions to exporters against the Remission of Duties or Taxes on Export Products scheme so that they are reimbursed for the hitherto unpaid duties and taxes.

Suggested Citation

  • Kanupriya, 2021. "COVID-19 and the Indian Textiles Sector: Issues, Challenges and Prospects," Vision, , vol. 25(1), pages 7-11, March.
    • Handle: RePEc:sae:vision:v:25:y:2021:i:1:p:7-11
    DOI: 10.1177/0972262920984589
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0972262920984589
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0972262920984589?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rajneesh Narula, 0. "Policy opportunities and challenges from the COVID-19 pandemic for economies with large informal sectors," Journal of International Business Policy, Palgrave Macmillan, vol. 0, pages 1-9.
    2. Rajneesh Narula, 2020. "Policy opportunities and challenges from the COVID-19 pandemic for economies with large informal sectors," Journal of International Business Policy, Palgrave Macmillan, vol. 3(3), pages 302-310, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rupesh Chourasiya & Shrikant Pandey & Rakesh Kumar Malviya, 2023. "Sustainable manufacturing adoption in textile industries: A systematic state‐of‐art literature review and future research outline," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 612-638, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nga Hong Nguyen & Trang Thi Thu Nguyen, 2022. "Assuring Social Equity and Improving Income from an Assessment of Government’s Supports in a Pandemic and Migrant Workers’ Integration in Vietnam," Economies, MDPI, vol. 10(4), pages 1-22, April.
    2. Hung Van Vu & Huong Ho, 2021. "Analysis of Factors Influencing Credit Access of Vietnamese Informal Labors in the Time of COVID-19 Pandemic," Economies, MDPI, vol. 10(1), pages 1-11, December.
    3. Nahrin Rahman Swarna & Iffat Anjum & Nimmi Nusrat Hamid & Golam Ahmed Rabbi & Tariqul Islam & Ezzat Tanzila Evana & Nazia Islam & Md Israt Rayhan & KAM Morshed & Abu Said Md Juel Miah, 2022. "Understanding the impact of COVID-19 on the informal sector workers in Bangladesh," PLOS ONE, Public Library of Science, vol. 17(3), pages 1-20, March.
    4. Hinrich Vos, . "Implications of the COVID-19 pandemic for human rights and modern slavery vulnerabilities in global value chains," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    5. Faustine Kede Ndouna & Roger Tsafack Nanfosso & Jean Aristide Biloa Essimi & Laurent-Fabrice Ambassa, 2021. "The Informal Sector Facing COVID-19: The Case of Cameroon," Sustainability, MDPI, vol. 13(23), pages 1-17, November.
    6. Agus Joko Pitoyo & Bagas Aditya & Ikhwan Amri & Akbar Abdul Rokhim, 2021. "Impacts and Strategies Behind COVID-19-Induced Economic Crisis: Evidence from Informal Economy," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 64(3), pages 641-661, September.
    7. Colin C. Williams, 2023. "A Modern Guide to the Informal Economy," Books, Edward Elgar Publishing, number 18668.
    8. Estrin, Saul & Guerrero, Maribel & Mickiewicz, Tomasz, 2024. "A framework for investigating new firm entry: The (limited) overlap between informal-formal and necessity-opportunity entrepreneurship," Journal of Business Venturing, Elsevier, vol. 39(4).
    9. Nurgun Kul Parlak & Ayse Nur Ciftci, 2022. "Pandeminin Kayit Disi Istihdami Dislama Etkisi: Turkiye’de Formel-Enformel Emek Piyasalarindaki Ayrisma," Journal of Social Policy Conferences, Istanbul University, Faculty of Economics, vol. 0(82), pages 93-135, June.
    10. Chapa Cantú, Joana Cecilia & Saldaña Villanueva, Carlos Emmanuel & Luna Domínguez, Edgar Mauricio, 2023. "“Stay at home (if you can)”: informal employment and COVID-19 in Mexico," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 15(1), pages 135-155, January.
    11. Bathula Srinivasu & Shilpa Bhatia & Ankita Gupta, 2024. "Collision of the COVID 19 Lockdown on Women Entrepreneurship in Uttarakhand: A Micro-level Analysis," Arthaniti: Journal of Economic Theory and Practice, , vol. 23(1), pages 118-133, June.
    12. Marcus M. Larsen & Ben Mkalama & Michael J. Mol, 2023. "Outsourcing in Africa: How do the interactions between providers, multinationals, and the state lead to the evolution of the BPO industry?," Journal of International Business Policy, Palgrave Macmillan, vol. 6(4), pages 432-452, December.
    13. Claudia C. Colmenares-Mejía & Norma Serrano-Díaz & Doris C. Quintero-Lesmes & Ligia Meneses & Isail Salazar Acosta & Álvaro J. Idrovo & Duván Y. Sanabria-Echeverry & Helmer Cordero-Rebolledo & Víctor , 2021. "Seroprevalence of SARS-CoV-2 Infection among Occupational Groups from the Bucaramanga Metropolitan Area, Colombia," IJERPH, MDPI, vol. 18(8), pages 1-13, April.
    14. Suzana B. Rodrigues & John Child, 2023. "The role of corporations in addressing non-market institutional voids during the COVID-19 pandemic: The case of an emerging economy," Journal of International Business Policy, Palgrave Macmillan, vol. 6(1), pages 115-132, March.
    15. Sato, Akiko & Panibratov, Andrei, 2023. "Causal mechanisms of COVID-19 disruptive effects on liability of foreignness and the emergence of new firm-specific advantages," International Business Review, Elsevier, vol. 32(4).
    16. Bino Paul & Krishna Muniyoor, 2024. "What Determines the Dichotomy between Formal and Informal Employment: Evidence from Maharashtra, India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 67(2), pages 483-499, June.
    17. Kusnandar & Setyowati, Nuning & Wida Riptanti, Erlyna, 2023. "Creating an innovative culture in agribusiness of micro, small and medium-sized enterprises," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 9(2), June.
    18. ARAVAMUDHAN Varadaraj & SAI MOHANRAJ Prasanna & SENGODAN Ananth, 2022. "Implications Of Covid-19 On Textiles Industry In India - Discovering Issues And Challenges On Demand And Supply Sides," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 8(2), pages 18-29, December.
    19. Aliisa Heiskanen & Yannick Galipeau & Marc-André Langlois & Julian Little & Curtis L. Cooper, 2022. "SARS-CoV-2 Seroprevalence in Those Utilizing Public Transportation or Working in the Transportation Industry: A Rapid Review," IJERPH, MDPI, vol. 19(18), pages 1-20, September.
    20. Joshua K. Ault & Andrew Spicer, 2024. "Basic-needs social protections and own-account informal entrepreneurship: implications for policy and cross-national comparative analysis," Journal of International Business Policy, Palgrave Macmillan, vol. 7(3), pages 295-313, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:vision:v:25:y:2021:i:1:p:7-11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.