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India stands as a major player in the global textiles and apparel market, significantly contributing to the industry with approximately 2.3% of the country’s GDP, 13% of industrial production, and 12% of exports. India holds a 4% share in global textile and apparel trade and is a leading producer of cotton, jute, and silk. Notably, 95% of the world’s hand-woven fabric originates from India. Current textile exports total $36 billion and are expected to hit $100 billion by 2030.
The textiles and apparel sector are the second-largest employer in India, providing direct jobs to 45 million people and indirect employment to an additional 100 million in related industries. Additionally, India has become the world’s second-largest manufacturer of personal protective equipment (PPE), with over 600 certified companies. The global PPE market is anticipated to exceed $92.5 billion by 2025, up from $52.7 billion in 2019.
India is on track to achieve $250 billion in textile production and $100 billion in exports by 2030. The domestic apparel and textile industry currently contributes 2% to the GDP and 7% to industrial output in value terms. India’s share in global textile and apparel trade stands at 4.6%, and it holds a 10.5% share in the country’s overall export basket. Production of Eri and Muga silks saw increases of 6% and 6.7%, respectively, in 2021-22.
Growth Drivers:
World-Class Infrastructure: India’s production focus is on cotton products, which limits its ability to rival China’s leadership in textile manufacturing.
Focus on Technical Textiles: Increased demand from end-user industries such as automotive, healthcare, infrastructure, and oil and petroleum.
Abundant Raw Materials and Skilled Labor: Access to extensive raw materials and a large, skilled workforce.
Comprehensive Value Chain: Presence of a complete value chain from raw materials to finished products and a large domestic market.
Competitive Costs and Organized Retail: Competitive manufacturing costs, organized retail, and e-commerce growth.
Rising Incomes and Brand Preferences: Increased per capita income, higher disposable incomes, and a growing preference for branded products.
Industry Snapshot:
India is the fifth-largest producer of technical textiles globally, with a market size of nearly $22 billion, aiming to reach $300 billion by 2047. The sector encompasses a diverse range of products, from traditional handloom and handicrafts to modern, mass-produced textiles. The industry’s strengths include a robust value chain from fiber to apparel and a diverse product range.
Cotton is crucial for the livelihoods of approximately 6 million farmers and 40-50 million people in related activities. Technical textile exports from India grew from $2.21 billion in 2020-21 to $2.85 billion in 2021-22, reflecting a 28.4% year-over-year increase.
In FY 2021-22, India achieved its highest-ever textiles and apparel exports of $44.4 billion, marking a 41% increase from FY 2020-21 and a 26% rise from FY 2019-20. India’s cotton production for 2022-23 is estimated at 5.84 million metric tons, accounting for 23.83% of global production, while it is also the second-largest cotton consumer worldwide.
Source
Invest India. 2024. Textile and Apparels Report. Government of India. Retrieved URL from:
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