@article{akshathraj_examining_2023,
	title = {Examining the dependence of textile company performance on macroeconomic variables},
	volume = {74},
	issn = {12225347},
	url = {http://revistaindustriatextila.ro/images/2023/6/010%20JAIN%20AKSHATHRAJ%20INDUSTRIA%20TEXTILA%20no.6_2023.pdf},
	doi = {10.35530/IT.074.06.2022141},
	abstract = {The textile sector in India has good fundamentals and has become an interesting sector for equity investors. The
performance of textile companies in India is volatile in the market for various reasons. This study aims to examine the
dependence of Indian textile company performance on macroeconomic variables. Based on the market capitalisation,
the top 10 textile companies were selected as samples for the study, the annual net profit ratio, return on asset ratio,
operating ratio and the earning per share data of selected companies were collected from 31st March 2004 to 31 st March
2021. For the same period, the Inflation, Crude oil price, GDP of the service sector, GDP of the manufacturing sector
and the GDP of the agricultural sector in India were gathered. The results of multivariate regression analysis revealed
that the changes in Inflation, GDP from agriculture and GDP from the service sector are affecting the performance of
textile companies in India.},
	number = {06},
	urldate = {2023-12-30},
	journal = {Industria Textila},
	author = {Akshathraj, Jain and Stegăroiu, Carina-Elena and Stegăroiu, Valentin and Narendra, Shetty Pratik and Abhaya Kumar, Kepulaje},
	month = dec,
	year = {2023},
	pages = {713--717},
}