WEB Textile and Apparel Exports from India: Growth and Opportunities
A Thriving Industry
The Indian textile industry is a significant contributor to the global economy, with a substantial share in world textile trade.
India's textile and apparel exports have been a driving force behind its economic growth, generating significant revenue and employment opportunities.
Global Market Presence
Exports Contribution
Indian textiles have played a crucial role in shaping global trade systems.
In 2022, textile and apparel (TA), including handicrafts, accounted for 10.5% of India's total merchandise exports.
India is the 2nd largest exporter of textiles and clothing worldwide, with exports reaching $44.4 billion in fiscal year 2022.
Growth Trends
Technical textile exports have experienced significant growth, rising from $2.21 billion in 2020-21 to $2.85 billion in 2021-22.
In July 2022, India's textile and apparel exports surged by 47.3%, reaching $2.93 billion compared to the previous year.
Overall, in 2020-21, 11.4% of India's exports comprised textile, clothing, and handicrafts.
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