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

0
724

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.

Поиск
Категории
Больше
Fashion Media & Publications
ET World MSME Day: How IDBI Bank is transforming MSME financing
Synopsis With digital innovation, deep local insights, and a ‘friends-first’...
От The Economic Times 2026-03-25 09:10:59 0 384
Fashion Media & Publications
Weaving Circularity Into India’s Textile Future
Sustainability is no longer a niche agenda for India’s textile industry. As global markets...
От Textile Insights 2026-08-10 11:28:27 0 316
Fashion Media & Publications
India aligns RoDTEP schedules with amended customs tariff structure
India has revised its export incentive framework by aligning the schedules under the Remission of...
От Apparel Resources 2026-05-02 07:49:50 0 526
Fashion Media & Publications
India – Russia Business Forum Charts New Path For Stronger Textile Trade Ties
Union Minister of Commerce & Industry, Piyush Goyal, placed a strong spotlight on the textile...
От Textile Insights 2026-03-31 11:22:15 0 1Кб
Fashion Media & Publications
Election-Linked Labour Migration Costs Gujarat Textile Sector US $125 Million, Says Industry
Gujarat’s textile and manufacturing sectors are facing significant production disruptions...
От Apparel Resources 2026-05-27 06:27:56 0 730