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India ranks among the top five global exporters in several textile categories, with exports expected to reach US$100 billion. The textiles and apparel industry contributes 2.3% to the country’s GDP, 13% to industrial production and 12% to exports.
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.
India is set to achieve $250 Bn textiles production and $100 Bn exports by 2030. The domestic apparel & textile industry in India contributed to 2% to the country’s GDP, 7% of industry output in value terms. India holds 4% share of the global trade in textiles and apparel.
This paper deals with structure, growth and size of the Indian textile industry, role of textile industry in economy, key advantages of the industry, textile industry export and global...
Apr 26, 2024 · The Indian textile industry dates to ancient times, about five thousand years ago. The industry has changed tremendously, having transitioned from the handloom of pre-colonial India to the...
Jun 7, 2023 · Annual Report 2022-2023 |en | Ministry of Textiles, Government of India, was established for the formulation of policy, planning, development, export promotion and regulation of the textile industry in India.
In recent years, the textile market in India has seen remarkable growth and a surge in creative innovation. As per reports, the Indian textile industry reached a noteworthy achievement by setting a record for its July 2023 exports, totaling an impressive 127.6 million kilogrammes of spun yarn.
