Indian Textile Industry










HEADLINES:  

Textile Industry INDIAN TEXTILE INDUSTRY AT A GLANCE IN 2021 - 2022Textile Industry


India is the second largest textile and clothing exporter in the world. India's textiles industry employs about 4.5 crore workers including 35.22

2021-2022 Indian Textile Industry
lakh handloom workers across the country. Exports of textiles stood at US$ 29.8 billion between April-December 2021.
The Indian textiles market is expected to be worth more than US$ 209 billion by 2029. India's textile exports grew at a healthy rate of 9% in FY21 despite the pandemic.

Investments

The textiles sector has witnessed a spurt in investment during the last five years. The industry attracted Foreign Direct Investment (FDI) worth US$ 3.93 billion from April 2000-December 2021.

Reasons for Growth Prospects

• Good export demand for Indian Textiles.
• Strong domestic consumption.
• Rise of disposable income in Indian households.
• Rapid retail growth.