The Union Budget 2025-26 introduces the Cotton Productivity Mission, a five-year plan to increase India’s cotton yield from 450-500 kg to 1,000 kg per hectare. With advanced technology and scientific support, the initiative aims to boost farmer income and secure raw material supply for the textile and apparel sector.
Additionally, income tax revisions and exemptions are expected to drive consumption and economic growth. Coupled with potential RBI rate cuts, these measures will enhance spending power and demand across industries.
Prabhu Dhamodharan, Convenor of the Indian Texpreneurs Federation (ITF), welcomed the initiatives, stating that they align with the industry's long-term vision. The focus on cotton productivity and economic stimulus will strengthen India's textile sector and boost its global competitiveness.