India Textile Market Analysis By Industry Size, And Share, Manufacturers, Demand Forecast 2026
India textile market is expected to grow at a steady rate during the forecast period. The market is primarily driven by easy availability of raw materials to produce high quality cotton fabric and silk fabric. India is the world's second largest exporter of textile and clothing in the world. Increased penetration of organized retail and favorable demographics are acting as key growth drivers for the market. Also, rising income level are likely to drive demand for textiles in the coming years. The Indian textiles industry is extremely diverse, with the hand-spun and hand-woven textiles sectors at one end of the spectrum, while the capital-intensive sophisticated mills sector at the other end of the spectrum. The exports in textiles and apparel industry are expected to reach USD300 bn by 2024-25 resulting in a tripling of Indian market share from 5% to 15%. Further, the availability of highly skilled manpower is making India a favorable market for textile manufacturers. India textil...