Estimated at $10 billion in FY24, India’s home textiles market is slated to expand at 7 per cent CAGR over FY24-FY31 to $16 billion. As per a report by the Systematix Group, India accounted for almost 10 per cent of global home textiles trade in 2022. It currently is one of the top suppliers to the US, the world's biggest home textile consuming market. 

India’s notable strides in quality improvement, innovations through R&D programs, and other preferential value-added features contributed to growing popularity of India's home textile products in the global market. 

Renowned for their superior quality products, Indian companies have established themselves as leaders in the US and the UK, with these regions constituting two-thirds of India’s exports.

 India has also emerged as a major exporter of home textiles with exports forecasted to grow at 8 per cent CAGR to $12 billion by FY31. The domestic home textiles market is also expected to grow with the demand for branded products continuing to rise in the country. 

The value of the overall textile and apparel (T&A) market in India is estimated to have reached $175billion in FY24 as per Wazir Advisors. Of this, the domestic market contributed 79 per cent and exports accounted for 21 per cent of the market size. From $50 billion in FY11, India’s domestic T&A market is expected to have grown to $38 billion in FY24. The Ministry of Textiles expects the market to grow faster than the global textile industry at 9 per cent CAGR to $250 billion by FY31.