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The textile industry is primarily concerned with the design, production and distribution of textiles: yarn, cloth and clothing. The raw material may be natural, or synthetic using products of the chemical industry .
The textile industry in India, traditionally after agriculture, is the only industry in the country that has generated large-scale employment for both skilled and unskilled labour. The textile industry continues to be the second-largest employment generating sector in India.
The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk, and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic.
The domestic apparel & textile industry in India contributes approx. 2.3 % to the country’s GDP, 13% to industrial production and 12% to exports. India has a 4% share of the global trade in textiles and apparel. India is one of the largest producers of cotton and jute in the world.
1 day ago · After two years of consolidation, the Indian textile industry is showing positive signs across categories. Textile exports experienced a decline of 17.7 percent and 2.5 percent in FY23 and FY24 ...
1 day ago · India, the world's sixth largest textile and apparel exporter, faces challenges in achieving its textile export goals. The government aims to achieve $600 billion in textile exports by 2047, but the sector faces challenges such as geo-political uncertainties, consumption shifts, and low overall growth. The textiles sector is also affected by the ongoing Russia-Ukraine war, the Red Sea crisis, and the Israel-Hamas conflict.
The textile industry in India is predicted to double its contribution to the GDP, rising from 2.3% to approximately 5% by the end of this decade. India has a 4.6% share of the global trade in textiles and apparel. Moreover, India is the world's 3rd largest exporter of Textiles and Apparel.
Apr 26, 2024 · The textile industry is valued at over 200 billion U.S. dollars and contributes about two percent of the country’s GDP. Besides, the export of Indian textiles contributed to setting up...
Jun 8, 2024 · The modern textile industry is still closely related to the apparel industry, but production of fabrics for industrial use has gained in importance. The resulting wide range of end uses demands a high degree of specialization.
1 day ago · India's textile industry stands at the cusp of preparing for Budget 2024 amid a gloomy global environment and considerably promising growth prospect. Ranked as the sixth-largest exporter of textiles and apparel globally, India eyes increasing its textile exports to $600 billion by 2047, up from $44 billion in FY22. Geopolitical tension and shifting consumer behaviors have been some major factors that make earning such targets very difficult.
