1、MARC InsightsTextile Industry OverviewMarch 2024Table of C2Industry Overview(Page 3)1Market and Growth Trends(Page 5)2Government Policies(Page 8)3Leading States of India(Page 13)5Textile Trades in India(Page 16)6Competitor Analysis(Page 20)7Textile Industry in IndiaMarket size,Industry Trends and Gr

2、owth drivers in India and GloballyGovernment Policies and InitiativesTrade dynamicsKPI ComparisonConsumer Trends(Page 11)4Consumer Trends on textile industryLeading states,Major PlayerIndustry O42nd2nd3rdLargest consumers and producers of Cotton and Jute in the World Largest producers of Silkin the

3、worldLargest manufacturers of PPE and producer of Polyester in the worldLargest exporter of Textiles and ApparelThe Domestic Apparel and Textile Industry in India contributes to 2.3%of the countrys GDP,13%to Industrial Production and 12%to Exports.Textile Industry in IndiaSource:investindiaIt is the

4、 only industry that has generated huge employment for both skilled and unskilled labor.The sector has perfect alignment with Governments key initiatives of Make in India,Skill India,Women Empowerment and Rural Youth Employment.2ndLargest source of Employment after agriculture,providing jobs to appr.

5、45 million people2ndMarket and Growth T6Market Size and Growth Drivers GloballyIndustry GrowthUSD 1,865 BillionUSD 3,634Billion2023(A)2030(E)CAGR:7.6%Sustainable and Eco-friendly TextilesDigitalization and AutomationCustomization and PersonalizationGlobal Textile Key Market TrendsRise of Athleisure

6、and Performance Textile53.4%Market share in 2023 was held by Asia-Pacific,reflecting the rising sales of apparel and clothing items in the region.Worldwide sales in 2023 were commanded by fashion category,driven by the increasing consumer expenditure on textile and clothing.72.4%Source:fibre2fashion