India's textiles sector is one of the oldest industries in the Indian economy, dating back several centuries. The domestic textiles and clothing industry accounts for 5% of India's GDP, 7% of industry output in value terms, and 12% of the country's export revenues. FDI in the textiles and clothing industry has reached $3.75 billion as of March 2021. India's textile and apparel exports are predicted to reach $65 billion by 2025-26, expanding at an 11 percent CAGR.
The abundant availability of raw materials such as cotton, wool, silk, jute, and artificial fibers has led India to be one of the world's largest producers of textiles and garments. In addition, the country has become an attractive destination for FDI in the Indian textile industry thanks to foreign direct investment policy.
India has also surpassed China as the world's second-largest producer of personal protective equipment (PPE). Today, more than 600 companies in India are qualified to manufacture personal protective equipment, with global market size of more than $92.5 billion by 2025, up from $52.7 billion in 2019.
Expected sector CAGR(2016-2021)
Share in India's GDP
Textile exports share in overall exports
Largest producer of cotton and jute in the world
2nd largest producer of polyester, silk and fibre in the world
2nd largest employment provider in India
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