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Textile Industry in India – A Study

  • Unique Paper ID: 165872
  • Volume: 11
  • Issue: 1
  • PageNo: 2011-2014
  • Abstract:
  • The textile industry is not just about fabrics and fashion. In fact, textiles are at the very heart of our nation’s core business activities. This industry, which is deeply rooted in the country’s rich history, is the second largest provider of jobs in India, after agriculture. From the beautifully crafted handlooms in local markets to the buzzing machines of big textile mills, this industry brings together a mix of tradition and modernity. This industry is more than just fabricating garments; it’s about sustaining households, preserving age-old traditions, and ensuring India’s prominent position on the global textile stage. It is expected that by 2030, the Indian textile industry will be worth $250 billion. The textile sector currently contributes 2.3% to India’s GDP and makes up 7% of the country’s industrial output. Globally, India holds a 5% share in the textile and apparel market. In the financial year 2022-23, exports from cotton textiles alone were valued at $11.1 billion, a significant 30% of the total. In this regard, there is need to study the Textile Industry in India. This paper focussed on the exports and imports of Textiles industry, share of exports and Fabric production in India. This paper mainly depended on secondary data and Descriptive research method used to present this paper.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 1
  • PageNo: 2011-2014

Textile Industry in India – A Study

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8.01 (Year 2024)
UGC Approved
Journal no 47859

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