Key Takeaways
- India is the second largest producer of cotton yarn accounting for 20% of global production in 2022
- Production of cotton fabric in India reached 6,614 million sqm in FY 2022-23
- India's man-made fibre production stood at 7,390 thousand tonnes in FY2022
- India's textile and apparel exports grew by 20% to USD 16.2 billion in H1 FY24 from USD 13.5 billion in H1 FY23
- USA is the largest market for Indian textiles with USD 4.2 billion exports in FY23
- EU imports from India textiles worth USD 8.5 billion annually
- The textiles sector employs over 45 million people directly in India as of 2023
- Handloom sector provides employment to 3.5 million people
- Powerloom workers number around 5.5 million in India
- India's textiles industry contributes 2% to national GDP and 12% to exports in FY23
- Total market size of textiles sector is USD 220 billion in 2023
- Apparel market in India valued at USD 75 billion growing at 10% CAGR
- Technical textiles mission INR 1,500 crore outlay
- 7 PM MITRA mega textile parks approved with INR 4,445 crore support
- PLI scheme for MMF apparel attracts INR 5,000 crore investment
India leads global textile production with massive output and export growth.
Employment Statistics
Employment Statistics Interpretation
Export Statistics
Export Statistics Interpretation
Market and Economic Statistics
Market and Economic Statistics Interpretation
Policy and Investment Statistics
Policy and Investment Statistics Interpretation
Production Statistics
Production Statistics Interpretation
Sources & References
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