India's textile industry, valued at $165B in 2022, is projected to reach $65B in exports by FY26, driven by PM Modi's 'fiber to fashion'

India's textile industry is projected to reach $65 billion in exports by FY26, with the domestic market projected to grow at a 10% CAGR to reach $350 billion by 2030. The industry, valued at around $165 billion in 2022, has seen growth supported by Prime Minister Modi's 'fiber to fashion' vision. As the second-largest manufacturer of PPE and contributing 2.3% to the national GDP, India is well-positioned for further expansion, with initiatives like the Production Linked Incentive (PLI) Scheme.

August 24, 2024
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