India’s textile exports to touch $65 billion by 2025-26: Invest India

New Delhi, Aug 25: India's textile industry is expanding at a rapid pace with the country's textile exports projected to touch $65 billion by the financial year 2025-26, according to Invest India.

Projections indicate that textiles production in the country for both the domestic and export markets will grow at a compound annual growth rate (CAGR) of 10 per cent to reach the $350 billion mark by 2030, an Invest India report states.

The figure has been estimated with respect to the Indian textile and apparel market size of around $165 billion in 2022, of which the domestic market constitutes $125 billion and exports account for $40 billion.

"PM Modi's bold fibre-to-fashion vision is guiding the textile industry to become a driving force in the global market while bringing competence and technology to local players," Invest India said in a post on social media platform X.