Last year, apparel and garment exports stood at $14 billion. India is the world's second largest producer of textiles and garments. Indian textile industry accounts for about 24% of the world's spindle capacity. It contributed about 14% of the industrial production, direct employment generation (35 million workforce) and foreign exchange earnings (~27%) in FY 2013.
The Apparel industry contributes to almost 4% of the India's GDP. The Indian Garment Industry has been growing as the disposable income of the people are rising. Branded readymade garments account for over 21% of the readymade garment industry. Man Made fabric (MMF) is in great demand and has recorded an increase of about 2% in FY13 and production stood at 1,23,000 crore tones. India's domestic ready-made garments market is estimated at around 2 lac crore, with the unorganized sector accounting for more than half of the market.