India's textile industry grows to US$ 190 billion in FY2026

India’s textile industry expanded to nearly US$ 190 billion in FY2026 and is targeting US$ 350 billion by 2030, supported by domestic demand, manufacturing investments and export opportunities, according to a report by Rubix Data Sciences.

Textile exports, including handicrafts, grew 10.3% year-on-year during April–August 2026, following a 2.7% decline to US$ 35.8 billion in FY2026. Imports rose 17.1% to US$ 9.6 billion during FY2026, although India remained a net exporter, with outbound shipments nearly 3.7 times the value of imports.