India is the world's second-largest textile and garment producer, contributing significantly to the global market. By 2026, the industry is expected to grow at a compound annual growth rate (CAGR) of 9-10%, with exports crossing $50 billion.
Fashion Guru
The domestic apparel market, driven by increasing consumer spending, is expected to reach $80 billion by 2026. Simultaneously, the technical textiles segment, encompassing high-performance and functional fabrics, is projected to grow at a 12-15% CAGR, touching $30 billion.
CREDITS: Gartex Newsletter