Industry Updates

India Textile Market Hits Rs 14.95 Lakh Crore in 2024 | 8.3% CAGR Growth

Published: 07/04/2026
Author: Fashion Value Chain

India’s textiles market has expanded significantly, growing from Rs 4.89 lakh crore in 2010 to Rs 14.95 lakh crore in 2024, registering a CAGR of 8.3%, according to the Ministry of Textiles’ “Market for Textiles and Clothing: National Household Survey 2024.”

The study highlights a notable shift towards man-made fibre (MMF) and blended textiles, which now account for 52.2% of total consumption. Cotton-based products follow with a 41.2% share, while silk and wool contribute 5.2% and 1.3%, respectively.

In terms of value growth, MMF and blended textiles recorded the highest increase, rising from Rs 1.47 lakh crore to Rs 4.47 lakh crore. Cotton demand also showed strong momentum, reaching Rs 3.53 lakh crore with a CAGR of 10.53%. Silk and wool segments grew steadily at 8.93% and 7.02%.

Household consumption remains a key driver, increasing from Rs 4.18 lakh crore in 2010 to Rs 8.77 lakh crore in 2024. Per capita demand rose from Rs 2,119 to Rs 6,066, reflecting growing consumer spending on textiles.

Women consumers continue to dominate the market, contributing 55.5% of total purchases. High-demand categories include shirts, sarees, trousers, salwar kameez, jeans, T-shirts, and dress materials. Men’s jeans have emerged as the fastest-growing category, while leggings are gaining popularity among women.

The report also highlights a rising preference for sustainable textiles. Demand for sustainable products, including reused and retailored garments, reached Rs 37,000 crore in 2024, with reused textiles accounting for 58% of the segment, indicating increasing circularity in consumption patterns.

Technical textiles are also witnessing strong adoption, particularly products such as masks, sanitary napkins, wipes, diapers, bandages, and seat covers. Rural households account for 58% of this demand, compared to 42% from urban areas.

The findings provide valuable insights for policymakers and industry stakeholders to shape future strategies in India’s evolving textile sector.

Related Posts

GKB Opticals launches Jaipur’s largest eyewear destination

Bonkers Corner: First Indian Brand to Collaborate with Smiley

VAV Lipids to Back IIT Bombay's LipidVerse 2025 as Industry Expert

Entrepreneurs Gain Insights at IDEATE Lab’s Scaling Workshop