We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Sep 29, 20205:07am

India plans to raise its fashion exports to 269 billion in 2025

The country will progressively increase its exports, according to Invest India, an agency tied to the Government.

Jan 15, 2020 — 8:00pm
mds
Save

India plans to raise its fashion exports to 269 billion in 2025

 

 

India reaffirms itself as a fashion hub. Indian textile and fashion exports will reach 300 billion dollars between 2024 and 2025. This figure will make India’s global market share go from 5% to 15%, as published by the non-profit agency Invest India that maintains tie to the Government.

 

In 2018, the home textile and fashion industry sector generated 140 billion dollars, of this total, 100 billion dollars, were spent in the country itself and the 40 billion dollars remaining went to exportation. Forecasts predict that in 2021 the sector sums a total of 223 billion dollars.

 

India is the world’s largest producer of cotton and jute and the second largest producer of polyester, silk and fibers. Currently, both the textile and fashion industries contribute 2.3% to the total Gross Domestic Product (GDP) of the country.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...