India's Domestic Textile Market Surges to Rs 14.95 Lakh Crore in 2024, According to Study
A recent study has revealed that India's domestic textile market achieved a remarkable milestone in 2024, expanding to a substantial size of Rs 14.95 lakh crore. This significant growth underscores the robust demand and evolving consumer trends within the country's textile sector, highlighting its critical role in the national economy.
Cotton Products Maintain Strong Position Amid Market Expansion
The study indicates that cotton-based products have continued to hold their ground as one of the major contributors to the market, reflecting their enduring popularity among consumers. Cotton textiles, known for their comfort, durability, and natural appeal, remain a staple in Indian households, driving consistent sales and preference patterns across various demographics.
Rising Preference for Manmade Fiber Products
In a notable shift, the research points out that consumer preference towards manmade fiber-based products has increased substantially during the period. This trend suggests a growing acceptance and demand for synthetic and blended textiles, which often offer advantages such as affordability, versatility, and enhanced performance features like wrinkle resistance and moisture management.
The statement from the study emphasizes that while cotton retains its stronghold, the surge in manmade fiber popularity indicates a diversification in consumer choices, potentially influenced by factors like fashion trends, technological advancements in fabric production, and changing lifestyle needs.
Implications for the Textile Industry
This growth to Rs 14.95 lakh crore in 2024 positions India's domestic textile market as a key player in the global arena, with implications for:
- Manufacturing and supply chains, as producers adapt to meet the dual demand for both natural and synthetic fibers.
- Retail and marketing strategies, with companies likely to innovate in product offerings to cater to evolving consumer preferences.
- Economic contributions, as the textile sector continues to be a major employer and export driver for India.
The findings, reported by DHNS and published on April 6, 2026, at 17:30 IST, provide valuable insights into the dynamic nature of India's textile industry, suggesting a balanced growth trajectory that leverages both traditional and modern materials to meet diverse market needs.
