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QUANTIFYING THE RETURNS ON EQUITY(ROE): USING DUPONT METHOD
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Author(s):
MRS.P.NITHYA DEVI ,DR.C.VADIVEL
Vol - 9, Issue- 4 ,
Page(s) : 66 - 70
(2018 )
DOI : https://doi.org/10.32804/IRJMSH
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Abstract
In Indian economy, textile industry plays a significant role by contributing 4% of GDP and 35% of Gross Export. The city of Tirupur, in Tamil Nadu is the largest garment exporter in India and sometimes referred to as Textile valley of India. In 2004, the export turnover from the town was more than $1 billion. Some 7,000 garment units in the town provide employment opportunity to 1 million people. 56% of India's total knitwear exports come from Tirupur. The Export Import Policy of 2002-2007 acknowledges Tirupur for its contribution to the export efforts. Overall scenario creates the assumption that the textile industry are in profitable position and the investor might get good returns on their equity.
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