Context:

• The Ministry of Textiles has released the report “Textiles and Clothing Market: National Household Survey 2024.”

Key Points:

• This survey assesses domestic consumption on a large scale for the first time.
• Earlier, the focus was more on exports, but now the domestic market is considered the key driver of growth.
• The report will help policymakers make informed decisions.
• The government can formulate new policies to boost production, employment, and investment.
• It serves as a data-driven guide for the textile industry.
• Companies can plan strategies by understanding consumer demand, trends, and market expansion.
• India’s T&C sector is a major source of employment generation.
• Rising domestic demand will boost GDP contribution and industrial growth.
• The report will help in long-term strategic planning.
• It will strengthen initiatives like Make in India and Atmanirbhar Bharat.

According to the Report:

• Strong growth in domestic demand for clothing has been observed over the past 15 years.
• Market Size: India’s textile market grew from ₹4.89 lakh crore in 2010 to ₹14.95 lakh crore in 2024, reflecting a CAGR of 8.3%.
• Domestic Market: Out of the total, the domestic market size is ₹12.02 lakh crore, with household demand accounting for ₹8.77 lakh crore.
• Per Capita Demand: Increased from ₹2,119 in 2010 to ₹6,066 in 2024, showing a CAGR of 7.8%, indicating strong growth.
• Estimates also indicate significant growth in per capita clothing demand.
• Women Consumers’ Contribution: 55.5%
• Men Consumers’ Contribution: 44.5%

Type of Fiber:

• Man-Made Fiber (MMF) & Blended Fiber: Highest share at 52.2%
• Cotton: 41.2% share
• Silk & Wool: 5.2% and 1.3% respectively
• Consumer Trend: Women account for 55.5% of total textile purchases, while men account for 44.5%
• Dominance of MMF & Blended Fibers: With demand of ₹4.47 lakh crore, driven by durability and affordability
• High Growth of Cotton: Despite being second in value, it has a higher CAGR of 10.53% (compared to MMF’s 8.28%), indicating strong demand for premium and comfortable fabrics
• Diversification: Steady growth in silk (8.93%) and wool (7.02%) shows continued relevance of traditional and seasonal textiles

Key Drivers of Growth:

• Rising domestic demand due to changing lifestyles and urbanization
• Popularity of synthetic and blended fibers due to affordability and durability
• Strong contribution of women consumers
• Expansion of the fashion and apparel industry, especially branded and ready-made garments

Future Prospects:

• E-commerce and digital platforms will further boost the textile market
• Growing inclination towards sustainable fashion
• Expansion in rural markets due to rising income and awareness

Major Schemes of the Ministry of Textiles: