The India Advantage

 

• World’s second-largest producer of textiles & garments.
• Sixth-largest exporter of textiles spanning apparel, home and technical products.
• 5% share of the global trade in textiles and apparel.
• India’s textile and apparel exports were $44.4 billion in FY22, a 41% increase YoY.
• Total textile exports are expected to reach $65 billion by FY26.
• In FY23, exports of readymade garments including accessories stood at $16.2 billion & is expected to surpass $30 billion by 2027.
• The domestic textiles and apparel industry stood at $154 bn in 2022, growing at a CAGR of 10-12% to reach $350 bn by 2030.