Indian Carpet Industry after Trade Liberalization. Problems and Prospects

M. Rashid Malik () and Rekha Prasad ()

Academic Journal of Economic Studies, 2015, vol. 1, issue 3, 79-87

Abstract: This paper aims to examine the constraints and opportunities emerged for the Micro, small and medium enterprises in carpet industry after trade liberalization. The survey method was selected for this study. A structured questionnaire, containing both close and open ended questions was used for data collection. 65 carpet firms of Bhadohi District of Uttar Pradesh registered with All India Carpet Manufacture Association (AICMA) were surveyed. Liberalization has brought many opportunities for carpet industry apart from challenges. Findings of the present study show that liberalization gave access to new markets and increased demand of products. Increased cost of raw material, difficulty in ‘export facilitation’ and ‘legal-regulatory framework and difficulty in procuring funds from local financial institutions were identified as the major constraints for the carpet industry.

Keywords: Carpet industry; trade liberalization; India; Bhadohi (search for similar items in EconPapers)
JEL-codes: L69 (search for similar items in EconPapers)
Date: 2015
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