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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.
India is set to achieve $250 Bn textiles production and $100 Bn exports by 2030. The domestic apparel & textile industry in India contributed to 2% to the country’s GDP, 7% of industry output in value terms. India holds 4% share of the global trade in textiles and apparel.
1 day ago · After two years of consolidation, the Indian textile industry is showing positive signs across categories. Textile exports experienced a decline of 17.7 percent and 2.5 percent in FY23 and FY24 ...
Apr 26, 2024 · Learn about the history, market size, production, export, and diversity of the Indian textile industry, one of the largest and oldest in the world. Find data and charts on various segments, products, regions, and companies of the industry.
India has a 4.6% share of the global trade in textiles and apparel. Moreover, India is the world's 3rd largest exporter of Textiles and Apparel. India ranks among the top five global exporters in several textile categories, with exports expected to reach US$ 100 billion by FY 2030.
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.
