India’s textile industry is on the brink of expansion, with total textile exports projected to reach $65 billion by FY26, according to Invest India. Invest India posted on X, “PM Modi’s bold ‘#fibretofashion’ vision is guiding the # textile industry to become a driving force in the global market while bringing competence & technology to local players.” PM Modi’s bold ‘#fibretofashion’ vision is guiding the # textile industry to become a driving force in the global market while bringing competence & technology to local players. — Invest India (@investindia) August 24, 2024. According to Invest India, the domestic textile market, valued at around $165 billion in 2022, includes $125 billion from domestic sales and $40 billion from exports. Projections indicate that the market will grow at a compound annual growth rate (CAGR) of 10 per cent to reach $350 billion by 2030.
