Textile & Apparel
Textiles
FY24 Indian textile-apparel exports up 1% at $35.5 bn: Economic Survey
Jul 22, 2024
Insights
- India’s textile and apparel exports, including handicrafts, rose by 1 per cent in FY24 to ₹2.97 lakh crore (~$35.5 billion), with readymade garments contributing the largest share at 41 per cent.
- The sector faces challenges like small-scale operations, fragmented production, high transportation costs, and dependency on imported machinery.