The Scale Of The Market Is 150 Billion Dollars! How Much Do You Know About India'S Textile Industry?

Recently, Xiaobian saw a piece of news. What he liked most was not the Chinese people who exploded the Internet with "double eleven", nor the European and American countries with big names, but India.

According to the results of the US Harris poll, Indians have different enthusiasm for buying clothes, and up to 92% of Indians are willing to buy clothes for themselves and their families.

Apart from buying clothes, India's textile manufacturing industry is quite capable of playing. How much do you know about the textile market as the second largest textile producer in the world?

Industry status

India is the largest cotton producing country in the world, the largest jute producing country in the world, the second largest silk producer in the world, and its yarn production capacity accounts for 22% of the world's total.

Textile and garment industry is one of the leading market segments of India's economy, and also one of India's largest sources of foreign exchange earnings.

The industry accounts for about 15% of India's total export revenue.

market size

The size of the India textile and apparel market is currently estimated at $150 billion and is expected to reach US $250 billion by 2019.

Over the past 2017-2018 years, India's textile industry accounted for 7% of India's total industrial output value (calculated by value), accounting for 4% of India's gross domestic product, and over 45 million of its employment.

It contributed 13% to India's export earnings.

Between 2000 and 2018, foreign direct investment of $2 billion 970 million was attracted.

India Tri-Tessellate textile factory

The labor

The textile industry is the second largest post employment provider in India after agriculture, creating 52 million jobs and 69 million additional indirect employment positions.

It is reported that India textile minister recently said that by 2022, India textile industry needs an additional 17 million labor force.

At present, there are about 45000000 employees in this field. In the past 4 years, 858 thousand people have been trained with 58 government and industry partners to meet the needs of the Department for skilled labour.

Import and export

China is still India's largest trading partner. In 2018, India's total exports to China amounted to US $9 billion 10 million 350 thousand, while imports from China amounted to US $61 billion 706 million 830 thousand, indicating that the trade deficit was 52 billion 696 million 480 thousand US dollars.

Among them, exports of textiles and raw materials in India amounted to US $1 billion 840 million, an increase of 20.6%, accounting for 11.1% of China's total exports to China.

Most of the imported products from India are excipient fabrics.

Silk, braided fabrics, disseminated coloring and laminated fabrics, synthetic fibers, special knitted fabrics and other products have a good market in India.