Summary:

India’s textile and apparel exports, including handicrafts, increased by 7% in FY25's April-October period, reaching Rs. 1,83,098 crore (US$ 21.35 billion), up from Rs. 1,71,520 crore (US$ 20 billion) in FY24. Ready-Made Garments (RMG) drove the expansion, followed by Cotton Textiles and Man-Made Textiles. Imports were led by Man-Made Textiles, reflecting expanding domestic production capacity alongside increased consumption of Cotton Textiles.

In FY24, India's textile and apparel imports declined nearly 15% to Rs. 76,669 crore (US$ 8.94 billion), down from Rs. 89,876 crore (US$ 10.48 billion) in FY23. Despite the drop, India remains the world's sixth-largest exporter, with textiles accounting for 8.21% of total exports in FY24. Key markets include the United States and the European Union. India holds a 3.9% global market share and has seen overall export growth.

Source: IBEF

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