Summary:

India’s textile industry has become a major growth driver, reaching about Rs. 16.66 lakh crore (US$ 190 billion) in 2025-26 and targeting Rs. 33.10 lakh crore (US$ 350 billion) by 2030. The domestic market has grown from Rs. 6 lakh crore in 2014-15 to over Rs. 16 lakh crore, driven by rising demand, stronger manufacturing and better value-chain integration. The sector provides employment to over 5.3 crore people and is expected to add around 2 crore more jobs in the coming years. Based on the 5F vision, it links farm to fibre, factory, fashion and foreign markets. Government support through PM MITRA Parks, PLI Scheme, NTTM, TEEM and other initiatives has strengthened competitiveness, exports and raw material supply, while FTAs and technical textiles growth are boosting global presence.

Source: IBEF

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