India Eyes $100 Billion Textile Exports by 2030: MSME Exporters Consultation
India’s textile sector, valued at USD 179 billion, is gearing up for its next growth leap. At a consultation with MSME exporters, Union Textiles Minister Shri Giriraj Singh stressed market diversification, domestic consumption, and Swadeshi focus as the pillars of Vision 2030.
Key Insights
- Resilient exports: April–July 2025 textile exports grew 3.87% YoY to USD 12.18 billion; July alone rose 5.37%.
- Segment gains: Readymade garments (+7.87%), carpets (+3.57%), jute products (+15.78%).
- Global reach: Exports to Japan (+17.9%), UK (+7.39%), UAE (+9.62%), and Australia (+1.74%) signal strength in FTA markets.
- GST reforms: Outcomes of the 56th GST Council meeting expected to lower costs, boost demand, and sharpen competitiveness across the textile value chain.
- Vision 2030 goals: USD 100 billion exports + USD 250 billion domestic market, driven by the “5F Formula – Farm to Fibre to Factory to Fashion to Foreign.”
| Target Area | Value |
|---|---|
| Exports | USD 100 billion |
| Domestic Market | USD 250 billion |
Takeaway
With GST reforms, market diversification, and a Swadeshi push, India’s textiles are aiming not just to compete but to lead globally by 2030.
Source: Ministry of Textiles, PIB
