India's textile industry grows to USD 190 billion

India's textile industry expanded to nearly USD 190 billion in FY26 and now targets USD 350 billion by 2030, driven by domestic demand, manufacturing investments, and export opportunities, according to Rubix Data Sciences.

Textile exports, including handicrafts, grew by 10.3 per cent year-on-year in the April-August 2026 period. The recovery follows a 2.7 per cent decline to USD 35.8 billion in FY2026, even as imports climbed 17.1 per cent to USD 9.6 billion.