Image used for representational purpose only. (File Photo | ANI)
Business

Textile exports see modest growth in FY26, reach Rs 3.16 lakh crore

The Ministry of Textiles noted that export growth was spread across more than 120 destinations between April 2025 and February 2026, indicating a broadening global footprint for Indian textiles.

TNIE online desk

India’s textile exports, including handicrafts, registered modest growth of 2.1% in FY 2025–26, reaching Rs 3,16,334.9 crore, up from Rs 3,09,859.3 crore in the previous fiscal, according to data released by the Ministry of Textiles on Wednesday.

The figures point to steady global demand for Indian textile products and underline the sector’s continued competitiveness across key categories.

Ready-made garments (RMG) remained the largest contributor to exports, rising 2.9% from Rs 1,35,427.6 crore in FY 2024–25 to Rs 1,39,349.6 crore in FY 2025–26.

Meanwhile, exports of cotton yarn, fabrics, made-ups, and handloom products saw marginal growth of 0.4%, increasing from Rs 1,02,002.8 crore to Rs 1,02,399.7 crore. In contrast, man-made yarn, fabrics, and made-ups recorded stronger growth of 3.6%, climbing from Rs 41,196 crore to Rs 42,687.8 crore.

Among value-added segments, handicrafts excluding handmade carpets emerged as the fastest-growing category, expanding 6.1% from Rs 14,945.5 crore to Rs 15,855.1 crore.

The ministry noted that export growth was spread across more than 120 destinations between April 2025 and February 2026, indicating a broadening global footprint for Indian textiles.

Several key markets posted notable gains, including the UAE (22.3%), UK (7.8%), Germany (9.9%), Spain (15.5%), Japan (20.6%), Egypt (38.3%), Nigeria (21.4%), Senegal (54.4%), and Sudan (205.6%).

Government support measures—such as the extension of the Rebate of State and Central Taxes and Levies (RoSCTL) and the Remission of Duties and Taxes on Exported Products (RoDTEP) schemes beyond March 31, 2026—have also played a role in sustaining export momentum.

In addition, progress on India’s free trade agreements during the year, including deals involving EFTA, the UK, Oman, New Zealand, and the European Union, is expected to improve market access and strengthen the country’s integration into global value chains.

Overall, the ministry said the continued growth reflects a combination of policy support, expanding market reach, and increasing opportunities in value-added textile segments.

(With inputs from ANI)

Iran fires on container ship in Hormuz after Trump extends ceasefire indefinitely

India will never bow to forces spreading hatred, fear: Rahul Gandhi on Pahalgam attack anniversary

Union ministers mark first anniversary of Pahalgam terror attack; reiterate zero-tolerance stance

West Bengal’s Opposition space remains fragmented, sharpens TMC-BJP binary

Delhi HC judge recuses from hearing contempt PIL against Kejriwal over circulation of court videos

SCROLL FOR NEXT