The Indian silk industry is one of the largest generators of employment and foreign exchange for the country. India enjoys a unique global position in terms of production of all commercially useful varieties of silk. India is the second largest producer of silk in the world, next only to China. The industry provides employment to over 8.25million people in the country.
The total export of silk and silk products stood at US$ 248.59 million for the period April-February 2017. Over the last fiscal, export of silk and silk products from India stood at US$ 312.12 million. The silk products exported include natural silk yarns, fabrics, made-ups, readymade garments, silk carpets and silk waste.
Fabrics, Made-ups formed the largest segment generating more than 50 per cent of silk export earnings during the year 2017, followed by Ready Made Garments which accounts for more than 41 per cent of silk export earnings while silk carpets, silk waste, Raw Silk and Silk Yarn comprised 8.47 per cent of silk export earnings.
In FY 2017 , top ten importers of Indian silk and silk products were US (US$ 21.59 million), UK (US$ 13.47 million), China (US$ 13.27 million), UAE (US$ 8.28 million), Germany (US$ 5.3 million), Italy (US$ 5.23 million), Canada (US$ 3.66 million), France (US$ 3.14 million), Singapore (US$ 3.11 million), and Hong Kong (US$ 2.25 million).