The issue of Liberalization is of utmost importance with implications on the global world and industry. This research study has critically attempted to examine the impacts economic liberalization has globally and Indian cotton textile industry specifically. According to the theory the cotton textile industry has been intensely affected by trend of Liberalization and the findings suggest whether liberalization has been beneficial to the Indian textile industry.

There is a lot of controversy about this subject, which is why this subject was investigated. One of the purposes of this dissertation was to do a research about whether globalization in terms of economic liberalization is beneficial to the Indian cotton textile industry and does liberalization give rise to competition and how can the textile industry in India over come problem of technological obsolesce. Another objective of this study was to research about the effects of end of MFA because of economic liberalization trend. And finally the last objective of this research was to project the future of Indian cotton textile industry. The methodology used was qualitative because of the theoretical framework. Open ended questionnaires were distributed through email and responses collected were compared with theory to analyse the research questions and objectives. The conclusion of the dissertation was that the impact of globalization is intense and liberalization is beneficial for the global trade and also cotton textile industry in spite of few disadvantages.