Currently valued at $179 billion with exports of $37.75 billion, India’s textile sector aims to increase the value of the domestic market to $250 billion and boost exports to $100 billion by 2030.

Highlighting the sector’s importance in the country during a meeting with micro, small, and medium (MSME) exporters, Giriraj Singh, Textile Minister, called it a symbol of India's economic strength and cultural heritage. The industry contributes nearly 2 per cent to India's GDP and ranks as the sixth-largest global exporter with a 4.1 per cent share of world trade, he added.

With exports reaching over 220 countries and activity spanning more than 520 districts, Indian textiles truly embody the vision of ‘Atmanirbhar Bharat’ (self-reliant India) and the spirit of ‘Swadeshi; (self-sufficiency), Singh noted.

Despite facing global instability and steep tariffs from some trading partners, India’s textile exports have shown resilience. In July 2025, India’s textile exports grew by 5.37 per cent to reach $3.10 billion. For the April-July 2025 period, exports increased by 3.87 per cent Y-o-Y to $12.18 billion.

Certain segments are performing particularly well, with ready-made garments increasing by 7.87per cent, carpets growing by 3.57 per cent, and jute products rising by 15.78 per cent. Handicrafts and man-made fiber (MMF) textiles are also maintaining steady performance.

Singh emphasized, positive trends in countries with which India has free trade agreements (FTAs) prove the country's ability to capture a larger share of the $590 billion global textile market. To achieve this, he stressed the urgent need for strategic diversification into 40 new global markets while simultaneously strengthening domestic demand.