India’s Textile Exports Grow 2.1% To Rs 3.16 Lakh Crore In FY26

0
379

India’s textile exports, including handicrafts, recorded a growth of 2.1 percent in FY 2025-26, reaching Rs 3,16,334.9 crore compared to Rs 3,09,859.3 crore in the previous financial year, according to data released by the Ministry of Textiles on Wednesday. The steady performance highlights sustained global demand for Indian textile products and the continued competitiveness of the sector across major product categories, data stated.

The data underlines that within the major segments, Ready-Made Garments (RMG) continued to be the largest contributor to India’s textile exports. The segment rose from Rs 1,35,427.6 crore in FY 2024-25 to Rs 1,39,349.6 crore in FY 2025-26, registering a growth of 2.9 percent.

The ministry said that the cotton yarn, fabrics, made-ups and handloom products reported stable performance, with exports increasing marginally from Rs 1,02,002.8 crore to Rs 1,02,399.7 crore, reflecting a growth of 0.4 percent. Man-made yarn, fabrics and made-ups posted relatively stronger growth of 3.6 percent, rising from Rs 41,196 crore to Rs 42,687.8 crore during the same period.

The data highlights that in the value-added segment, handicrafts excluding handmade carpets emerged as the fastest-growing category among major segments, expanding by 6.1 percent from Rs 14,945.5 crore to Rs 15,855.1 crore.

The ministry noted that export growth was recorded in over 120 destinations between April 2025 and February 2026 compared to the corresponding period of the previous year, indicating broad-based geographical expansion of India’s textile export basket. Key export markets showed notable increases, including the United Arab Emirates (22.3 percent), United Kingdom (7.8 percent), Germany (9.9 percent), Spain (15.5 percent), Japan (20.6 percent), Egypt (38.3 percent), Nigeria (21.4 percent), Senegal (54.4 percent), and Sudan (205.6 percent).

The government has supported the sector through export facilitation and remission measures, including the extension of the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme and the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme beyond March 31, 2026. India’s Free Trade Agreement (FTA) agenda also witnessed significant developments during 2025-26, with agreements involving EFTA TEPA, UK CETA, Oman CEPA, New Zealand FTA announcement, and India-EU FTA conclusion, which are expected to enhance market access and strengthen global value chain integration for the textile sector.

Search
Categories
Read More
Fashion Media & Publications
50 Percent tariff an opportunity in disguise-3 ways Modi is planning to beat tariff pain
US slaps 50% tariff on $86.5 bn Indian exports from Aug 27. Here’s how Modi plans to...
By Financial Express 2026-03-26 12:14:44 0 259
Fashion Media & Publications
Explained - Why India and the EU are renewing focus on a long - pending trade pact
India and the European Union (EU) have once again emphasised the strategic importance of...
By MSN 2026-04-01 04:52:32 0 587
Fashion Media & Publications
India Restores Full Export Incentives Under RoDTEP Scheme Amid West Asia Crisis
The Indian government has reinstated full benefits under a key export incentive scheme in a move...
By Apparel Resources 2026-03-27 12:12:51 0 225
Fashion Media & Publications
US textile sector stable despite 2025 disruption, says NCTO
The US textile industry remained stable during 2025, despite facing economic and trade...
By Just style 2026-04-18 05:32:32 0 282
Fashion Media & Publications
Shahi Exports: LMW’s Original Genuine Parts – Driving Profitability and Powering the Heart of Spinning Mills
LMW Limited, a global player in textile machinery manufacturing, shares a long-standing and...
By The Textile Magazine 2026-03-23 12:00:15 0 311