<p>Textile industry is one of the oldest and largest industries in the world providing employment to billions of people. In<br /> this article an attempt was made to study the impact of global recession that started in the year 2008 on global textile<br /> exports and imports. China in the global textile imports decreased from 8.1 percent in 2011 to 6.6 percent in 2012. India<br /> on the other hand doubled its share of textile imports in the global textile imports from mere 0.4 percent in 2001 to 1.1 percent in 2012. The textile<br /> imports of both European Union and United States of America got affected due to the severity of the recession, the repercussions of which were<br /> felt as early as 2008. </p>