India’s textile industry has recorded strong and consistent growth, with the market size reaching ₹14.95 lakh crore in 2024, driven by a compound annual growth rate (CAGR) of 8.3% over the years.
The sector has expanded significantly from earlier levels, supported by increasing domestic demand and changing consumer preferences. In particular, man-made fibre (MMF) and blended textiles now dominate the market, accounting for a major share of total consumption.
Rising household spending and higher per capita textile consumption have also contributed to this growth, reflecting improved lifestyles and stronger purchasing power across the country.
At the same time, the industry is witnessing a shift towards sustainable and technical textiles, as both manufacturers and consumers focus more on eco-friendly and high-performance materials.
Overall, the Indian textile market continues to show positive momentum, supported by demand growth, product diversification, and evolving market trends.