India targets Rs 33 lakh crore textile market by FY31, doubling from Rs 16 lakh crore

Textiles Minister Giriraj Singh has set a target to double India's textile market size to Rs 33 lakh crore by FY31, with 2 crore additional apparel jobs expected over three years. Employment in the sector rose to 5.3 crore in 2024-25 from 2.8 crore in 2014.

— Filed Thu, 11 Jun, 2026, 21:23 IST · Source ET Small Business · Updated

Textiles Minister Giriraj Singh set target to double India's textile market size to Rs 33 lakh crore by FY31 from Rs 16 lakh crore, with 2 crore additional jobs expected in apparel sector over three years.