Textile Industry in India: An Overview | Major Textile Manufactured in India | Indian Textile Sector

Описание: The Indian textile industry is one of the largest in the world, accounting for 4% of the global textile and apparel trade.

The industry dates back many centuries and is tremendously diverse, with hand-spun and hand-woven textile industries on one end of the spectrum and capital-intensive modern mills on the other.

With more than 65 million employees in the direct and associated sectors, the Indian textile industry contributes 2.3% to the country’s GDP, 13% to industrial production, and 12% to total export earnings.

The textile and apparel exports in 2022 grew to US $44.4 billion in FY’22 compared to US $29.9 billion in FY’21, marking an increase of 41% YoY. Recent trends in textile industry, significant government reforms and increased consumer demand primarily drive revenue growth.