Can India’s textile sector really reach $250 billion by 2030 with $100 billion in exports?
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Synopsis
India's textile sector is on a remarkable journey, aiming to transform into a $250 billion market by 2030. Union Minister Giriraj Singh highlights the sector's resilience and growth potential, amidst global challenges. This ambitious vision reflects India's economic strength and cultural heritage, making it a critical area to watch in the coming years.
Key Takeaways
- India’s textile sector is valued at $179 billion.
- Targets $250 billion domestic market by 2030.
- Exports aim for $100 billion by 2030.
- Contributes nearly 2% to GDP.
- Resilience shown despite global challenges.
New Delhi, Sep 10 (NationPress) India's textile sector, currently valued at $179 billion with exports reaching $37.75 billion, is on a path to transform into a $250 billion domestic market, targeting $100 billion in exports by 2030, as stated by Union Minister Giriraj Singh.
The Minister emphasized that the textile industry stands as a testament to India's economic prowess and cultural legacy.
Contributing nearly 2 percent to the country's GDP, this sector secures India's status as the 6th largest exporter globally, commanding a 4.1 percent share in international trade.
“With exports spanning over 220 countries and more than 520 districts involved, Indian textiles embody the vision of ‘Atmanirbhar Bharat’ and the enduring spirit of Swadeshi,” remarked the Minister during a consultative meeting with micro, small, and medium enterprises (MSMEs) involved in the textile and apparel value chain.
Amid global fluctuations and high tariffs from certain nations, India's textiles have shown remarkable resilience, with exports in July 2025 increasing by 5.37 percent to $3.10 billion.
For the period of April to July 2025, total exports reached $12.18 billion, indicating a year-on-year growth of 3.87 percent.
Sector-wise, growth was evident in readymade garments (+7.87 percent), carpets (+3.57 percent), and jute products (+15.78 percent), with handicrafts and man-made fiber (MMF) textiles also maintaining stable performance.
Singh pointed out that positive trends in major Free Trade Agreement (FTA) partner countries affirm India's capability to capture a larger slice of the $590 billion global textile market.
He underscored the pressing need for strategic diversification into 40 identified global markets, while also boosting domestic demand.
The Union Minister further highlighted the significant outcomes of the 56th GST Council meeting, which initiated second-generation GST rationalization across the textile value chain. These reforms are expected to minimize distortions, lower costs, stimulate demand, and enhance export competitiveness.
MSME textile exporters welcomed these reforms and stressed the necessity for ongoing fiscal support, simplified compliance, and enhanced global branding of handlooms, handicrafts, and GI-tagged Swadeshi products.
The Union Minister also advocated for establishing warehouses in key global markets like the EU, US, and other strategic locations to promote handicrafts, handlooms, and lifestyle products through e-commerce platforms.
Point of View
The aspirations of India’s textile sector highlight the resilience and potential of the country's economy. The government’s commitment to fostering growth through strategic reforms and global outreach is commendable. It is essential to support these initiatives, ensuring that India's rich textile heritage continues to thrive while adapting to modern market demands.
NationPress
10/09/2025
Frequently Asked Questions
What is the current value of India's textile sector?
India's textile sector is currently valued at $179 billion.
What are the export targets for India's textile sector by 2030?
The sector aims to achieve $100 billion in exports by 2030.
How much does the textile sector contribute to India's GDP?
The textile sector contributes nearly 2 percent to India's GDP.
Which countries are key markets for Indian textiles?
Indian textiles are exported to over 220 countries globally.
What reforms were highlighted by the Union Minister?
The Union Minister emphasized the significance of the 56th GST Council meeting and its positive impact on the textile value chain.
