Key Takeaways
- India's textile and apparel industry contributes about 2% to the country's GDP and 12% to total exports in FY 2023
- The market size of the Indian textile industry stood at USD 220 billion in 2023
- Technical textiles market in India projected to reach USD 40 bn by 2024 from USD 16 bn
- The Indian textile sector produced 5,903 million kg of cotton yarn in FY 2022-23
- Installed capacity for cotton spinning in India is 58.4 million spindles as of March 2023
- India produced 3,169 million kg of man-made fibre yarn in FY 2022-23
- India exported textiles worth USD 16.41 billion in the first half of FY 2023-24
- Textile exports from India reached USD 44.4 billion in FY 2022-23
- Apparel exports from India grew by 4.7% to USD 8.1 billion in April-November 2023
- Over 45 million people are directly employed in the Indian textile and apparel industry as of 2023
- The handloom sector employs around 35 lakh people including artisans in 2023
- MSMEs constitute 45 million units in textiles, employing 60 million indirectly in 2023
- Government schemes like PM MITRA have allocated INR 4,445 crore for textile parks till 2023
- TUFS disbursed INR 1.2 lakh crore in loans for textile machinery modernization till 2023
- PLI scheme for textiles has approved 37 projects with INR 1,145 crore incentive outlay in 2023
India's textile industry remains a powerhouse, contributing significantly to the nation's GDP, driving export growth, and serving as one of the largest providers of employment as we move through 2026.
Employment and Manpower
Employment and Manpower Interpretation
Exports and Imports
Exports and Imports Interpretation
Market Size and Revenue
Market Size and Revenue Interpretation
Policies, Investments, and Sustainability
Policies, Investments, and Sustainability Interpretation
Policies, Investments, and Sustainability, source url: https://texmin.gov.in/schemes-projects/amended-technology-upgradation-fund-scheme-atuFS
Policies, Investments, and Sustainability, source url: https://texmin.gov.in/schemes-projects/amended-technology-upgradation-fund-scheme-atuFS Interpretation
Production and Capacity
Production and Capacity Interpretation
Sources & References
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