Industry overview
India’s textile and clothing industry is one of the
foundations of the national economy. It is also one of the largest
contributing sectors of India’s exports worldwide. This industry
generates significant employment through both forward and backward
linkages, in traditional (production of natural fibres) as well as
modern activities (textile design, etc). After agriculture, the textile
industry is the second largest employment generator in the country.
Current industry
The Indian textile industry is estimated at US$ 55 billion,
with 64 companies catering to domestic demand. It accounts for 14% of
industrial production, which is 4% of GDP, employs 35 million people and
accounts for nearly 11% of the country’s total exports basket. India’s
advantage in textiles stems from its huge raw material base. It is the
second largest producer of cotton and silk, and stands fourth in the
production list of synthetic fibres.
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