Textile Market in India (Categories-Cotton industry,Wool Industry,Silk Industry,Jute Industry,Man made fabrics) Industry Analysis, Volume, Share, Growth,Challenges, Trends,Export Analysis,Regions and Forecast 2016 – 2021.
03-Oct-2017 | Number of pages: 138 | Report Code:PSMR-00045| Report Format : PDF | Status : Published
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Indian textile industry ranks second in Global Textile Exports. Currently The Indian textiles industry estimated at around US$ 148 billion, is expected to reach US$ 223 billion by 2021.The industry is the second largest employer after agriculture, providing direct employment to over 45 million and 60 million people indirectly.Textile industry in India provides direct employment to over 45 million people and over 60 million employments indirectly which is second largest employer sector in India after agriculture.
The US$ 500 billion market figure consists of domestic sales of US$ 315 billion and exports of US$ 185 billion.Industry accounts domestic sales of USD 315 billion and international sale of USD 185 billion. India is the 2nd biggest producer of silk and cotton. India accounts for about 14 per cent of the world’s production of textile fibers and yarns (largest producer of jute, second largest producer of silk and cotton; and third largest in cellulosic fiber.
Textile Market : Segment Analysis
- Cotton industry
- Wool Industry
- Silk Industry
- Jute Industry
- Man made fabrics
Textile Market : Export Analysis By Region
China, India, Italy, Germany and Turkey are the top five textile and garment exporting nations. China alone accounts for 39 per cent of market share for textile and garment exporting while India ranks 2nd with 5% share.India has overtaken Italy, Germany and Bangladesh to emerge as the world’s second largest textile exporter. India’s share in Global Textiles increased by 17.5% in 2013 compared to 2012. Textiles exports from India will touch US$ 300 billion by the year 2024-25.
The Indian textile and garment industry has an important presence in the country’s economy through its contribution to industrial output, employment generation, and the export earnings. It contributes almost 5% to the $ 1.8 trillion Indian economy whereas its share in Indian exports stands at a significant 13%
- North America
- Asia Pacific
- Sri Lanka
- Latin America
- Middle East and Africa
- United Arab Emirates
- South Africa