Overview of the Industry
Exports of textiles from India reached US$ 39.20 billon in FY18. Exports of textiles from India reached US$ 39.20 billon in FY18.
The Indian textiles industry, currently estimated at around US$ 150 billion, is expected to reach US$ 250 billion in 2019. India’s textiles industry contributed seven per cent of the industry output of India in 2018.It contributed two per cent to the GDP of India and employs more than 45 million people in 2018.The sector contributed 15 per cent to the export earnings of India in 2018.
The industry attracted Foreign Direct Investment (FDI) worth US$ 3.09 billion during April 2000 to December 2018. The Government of India announced a Special Package to boost exports by US$ 31 billion, create one crore job opportunities and attract investments worth Rs 800.00 billion (US$ 11.93 billion) during 2018-2020. As of August 2018, it generated additional investments worth Rs 253.45 billion (US$ 3.78 billion) and exports worth Rs 57.28 billion (US$ 854.42 million).