Impact of Fickle Behavior of Us Dollar and International Recession on Textile Industry of Surat, Gujarat

Published in Journal

Journal of Advances and Scholarly Researches in Allied Education [JASRAE] (Vol:16/ Issue: 4) DOI: 10.29070/JASRAE
Authors: Neha C. Singapuri*, Bipin Kumar,
Subjects: Multidisciplinary Academic Research

Year: Mar, 2019
Volume: 16 / Issue: 4
Pages: 1531 - 1540 (10)
Publisher: Ignited Minds Journals
Source:
E-ISSN: 2230-7540
DOI:
Published URL: http://ipublisher.in/p/242223
Published On: Mar, 2019

Article Details

Impact of Fickle behavior of US Dollar and International Recession on Textile Industry of Surat, Gujarat | Original Article

Neha C. Singapuri*, Bipin Kumar, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

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ABSTRACT:

The city of Surat is considered as an art-silk Manchester of India. After Ahmedabad, it is second largest city of Gujarat state and is considered as a satellite town of Mumbai. The economy of the Surat city is highly reliant on the textile industry. This industry mainly operates in an unorganized way but provides employment to large mass and generates valuable FOREX for India. Due to the Fickle behavior of US dollar in Forex market and recession across the globe this textile has been affected to a great extent. The impacts of the global factors have positive and negative effect and the same has been studied in this research work.