Apparel, Fashion & Retail | News & Insights

Indian Textile and Apparel Market Expected Growth: 2023-2028

Published: October 11, 2023
Author: TANVI_MUNJAL

The term “textile and apparel sector” in India refers to a broad industry that comprises a variety of items, including traditional as well as contemporary garments, yarns, and textiles. This industry is traditionally known for its high level of handicraft, and it makes use of a wide range of materials, including cotton, silk, wool, and synthetic fibers. The elaborate patterns, vivid colors, and high-quality materials that are distinctive of Indian textiles are the primary reasons for their widespread recognition.

The longevity of Indian textiles is often very great, and they have exceptional tensile strength. Additionally, Indian textiles typically have a rich aesthetic appeal. The variety in design, cost-effectiveness, and a large degree of personalization are some of the benefits that come with purchasing textiles and clothing made in India.

The Indian textile and apparel market size reportedly reached US$172.3 billion in 2022, as stated in the most recent research study published by IMARC Group. The IMARC Group forecasts that the market will reach US$ 387.3 billion by the year 2028, expanding at a compound annual growth rate (CAGR) of 14.59% between the years 2023 and 2028.

India is known for its vast cultural variety and its many annual celebrations, both of which are contributing factors to the country’s rising demand for textiles and garments. In addition to this, another motivating element is the growing interest in traditional clothing, such as saris and kurta pajamas, especially among younger groups.

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