CURRENT STATE OF DEVELOPMENT OF LIGHT INDUSTRY IN KAZAKHSTAN

Abstract

The article is devoted to the development of light industry in the Republic of Kazakhstan. Light industry is one of the leading industries of the world economy. Its peculiarity is a constant growth due to a steady increase in demand for its products. Therefore, in developed countries, light industry was the starting industry of the economy, and in developing countries it is a priority. The industry forms a significant share of the state budget in many countries, contributes to solving the problem of employment, improving living standards and reducing social tensions.

Development of the domestic light industry and its transformation into a highly profitable and highly efficient sector of the economy are the most important factors of national security and meet the interests of the entire economic system of the country. Kazakhstan has the necessary conditions for the recovery of this industry. Thus, efforts to improve the competitiveness of light industry enterprises and solve the problem of import substitution are justified.

The intense competition that characterizes the light industry market requires market players to constantly strengthen their positions. In the competitive struggle, the enterprises that are maximally adapted to any changes in the market situation win, and therefore have a higher competitiveness than their rivals.