Indian Garment Industry: A Crucial Role Player in the Country’s Economy
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Indian Garment Industry: A Crucial Role Player in the Country’s Economy
The textiles and apparel sector is one of the oldest industries in India and has been playing a crucial role in strengthening the economy of the country. This industry has been extremely vivid, varied, and vibrant with conventional hand spinning and hand weaving on the one hand, and highly sophisticated, capital-intensive garments exporters on the other. The decentralized power looms, hosiery and knitting sector in the country make for the heftiest part of India’s textile sector.
Today, the textiles industry in India is producing a comprehensive range of apparel perfectly suitable for different market segments not only in India but also across the globe. Reputed suppliers for clothing today enjoys a formidable reputation the world over.
Market size at a glance
In the year 2018-19, the industry contributed 7% to the industry output by value which was around 2% to the GDP. Some of the major exports of textiles include the following: ● Made-ups ● Handloom products ● Man-made yarns
Handicrafts excl. ● Handmade carpets, and ● Carpets and jute mfg. including floor coverings.
●
Retail apparel trade in India ● Overcoats/raincoats ● Suits and ensembles ● Jackets and dresses ● Skirts and trousers ● Shirts and blouses ● Inner garments and T-shirts ● Jerseys/pullovers and babies garments, and ● Accessories including shawls, scarves, handkerchiefs, and gloves.
these products
The fabric used in the manufacturing of all
constitutes around 70% of the total production cost, 15% of the labor involved, and the rests go for other overheads as well as the profits of the export clothes manufacturers in India.
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