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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 $100 Bn exports by 2030. The domestic apparel & textile industry in India contributed to 2% to the country’s GDP, 7% of industry output in value terms. India holds 4% share of the global trade in textiles and apparel.
The textile industry is valued at over 200 billion U.S. dollars and contributes about two percent of the country’s GDP. Besides, the export of Indian textiles contributed to setting...
Jun 7, 2023 · Annual Report 2022-2023 |en | Ministry of Textiles, Government of India, was established for the formulation of policy, planning, development, export promotion and regulation of the textile industry in India.
Mar 3, 2024 · From fiber, yarn, and fabric to garments, India’s textile and apparel industry has strengths along the whole value chain. The traditional handloom, handicrafts, wool, and silk items, as well as the organized textile industry in India, make up a large portion of the widely diversified Indian textile and apparel market.
* The market for Indian textiles and apparel is projected to grow at a 10% CAGR to reach US$ 350 billion by 2030, with exports expected to reach US$ 100 billion. * India’s textile and apparel exports (including handicrafts) stood at US$ 28.72 billion in FY24 (April-January 2024)
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.
The Indian textile industry is the second largest manufacturer and exporter in the world, after China. The industry is of vital importance to the Indian economy. The share of textile and apparel (T&A) including handicrafts in India’s total exports stands at a significant 12% in 2018-19. India has a share of 5% of the global trade in
Indian Textile & Apparel Industry Overview. Impact of Covid on Indian Textile & Apparel Industry. Indian Textile Industry: Structure and Supply Scenario. Financial Health of Indian Textile Industry.
