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Friday, 27 May 2016 18:39

Fashion industry statistics India

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The textile and clothing sector is one of the oldest industries in India. According to the Indian Brand Equity Foundation (IBEF) it is the close linkage of the textile industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country, in terms of textiles, that make the Indian textiles sector unique in comparison to the same industries of other countries.
The Indian textile industry is estimated around 108 billion dollars and is expected to reach 223 billion dollars by 2021. This industry employs over 45 million people directly, and 60 million people indirectly. It Indian Textile Industry contributes approximately 5 per cent to India’s gross domestic product (GDP), and 14 per cent to overall Index of Industrial Production (IIP). The textile industry is also one of the largest contributes to India’s export with approximately 13.5 percent of the country's total export of 42.2 billion dollars.

Read 1691 times Last modified on Monday, 12 September 2016 15:55

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Ajey Chaudhary

Ajey Chaudhary has diverse experience in Global Talent Acquisition, specializing in attracting talent for fortune 500 companies. He is currently heading the Recruitment function for Prometheus Consulting. He takes keen interest in Photography, biking and reading in his spare time.

 

Website: https://in.linkedin.com/in/ajeychaudhary

1 comment

  • Comment Link Honeywell Alarm Systems Saturday, 03 February 2018 18:08 posted by Honeywell Alarm Systems

    Really interesting post! Hard to find this type of data lately. Not clear why. I do have several questions but want to re-read first before typing something really dumb. Thanks again.

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