Economy, Banking and Finance · 9 April 2026

Textile Ministry Survey unveils domestic textiles market size at Rs 14.95 lakh crore in 2024

Exam-focused facts from the 9 April 2026 current affairs briefing.

Key facts

  • Textiles market size grew from Rs 4.89 lakh crore in 2010 to Rs 14.95 lakh crore in 2024 at 8.3% CAGR.
  • Man-made fibre (MMF) and blended products account for 52.2% of the product basket.
  • Cotton-based products contribute 41.2%, silk 5.2%, and woollen 1.3%.
  • Household sector contribution rose from Rs 4.18 lakh crore in 2010 to Rs 8.77 lakh crore in 2024.
  • Per capita demand increased from Rs 2,119 in 2010 to Rs 6,066 in 2024, marking 7.8% CAGR.
  • Women consumers drive 55.5% of textile purchases against 44.5% by men.
  • Sustainable textiles demand reached Rs 37,000 crore in 2024, with reused/retailored items forming 58%.
  • Rural households consume 58% of technical textiles, urban 42%.