India - Knitting the future

India is among the world's largest producers of Textiles and Apparel

The domestic apparel & textile industry in India contributes approx. 2% to the country’s GDP, 7% of industry output in value terms. The share of textile, apparel and handicrafts in India’s total exports was 11.4% in 2020-21. India holds 4% share of the global trade in textiles and apparel.

India is?one of the largest producers of cotton and jute in the world. India is also the 2nd?largest producer of silk in the world and 95% of the world’s hand-woven fabric comes from India. The Indian technical textiles segment is estimated at $16?bn,?approximately 6% of the global?market.?The textiles and apparel industry in India is the 2nd?largest employer in the country?providing direct employment to 45 mn people and 100 mn people in allied industries.?

India has also become the second-largest manufacturer of PPE in the world.?More than 600 companies in India are certified to produce PPEs today, whose global market worth is expected to be over $92.5 bn by 2025, up from $52.7 bn in 2019.

• India’s exports of textiles and apparel are expected to reach $100 bn in the next 5 years, growing at a CAGR of 11%
• To double the Indian textile and apparel industry size to $190 bn by 2025-26, 7 mega textile parks have been planned
• The Indian technical textiles market was estimated at $17.6 bn in 2020-21 and grew at a CAGR of 10% since 2015-16
• The domestic apparel & textile industry in India contributed to 12% of export earnings.
• India has a share of 5% of the global trade in textiles and apparel
• The export of cotton Textiles was $ 17.2 bn with 39% share registering a growth of 54% and 67% during 2021-22 over FY 2020-21 and FY 2019-20, respectively