
Union Minister Giriraj Singh released the study report titled “Market for Textiles and Clothing: National Household Survey 2024” in New Delhi. The report states that the domestic demand for textiles in India recorded a Compound Annual Growth Rate (CAGR) of 8.3%, increasing from ₹4.89 lakh crore in 2010 to ₹14.95 lakh crore in 2024.
Household demand for textiles rose from ₹4.18 lakh crore in 2010 to ₹8.77 lakh crore in 2024. The per capita demand for textiles increased at a CAGR of 7.8%, growing from ₹2,119 in 2010 to ₹6,066 in 2024.
