Ministry of Textiles in its latest study report on domestic demand of textiles ‘Market for Textiles and Clothing: National Household Survey 2024’ has showed that India’s textile market has expanded over the last 15 years, growing from Rs 4.89 lakh crore in 2010 to Rs 14.95 lakh crore in 2024 at a compound annual growth rate (CAGR) of 8.3%. Out of this total market size, the household segment has emerged as a major growth engine, with its contribution rising from Rs 4.18 lakh crore in 2010 to Rs 8.77 lakh crore in 2024, significantly boosting overall domestic demand.

The study, conducted by the Textiles Committee under the Ministry, estimates the domestic demand in the Textiles and Clothing (T&C) sector and serves as an important reference for trade and industry stakeholders in addition to the policy makers to develop desired strategy for the growth of the sector. As per the study report, the per capita demand increased from Rs 2,119 in 2010 to Rs 6,066 in 2024 experiencing a CAGR growth of 7.8%, reflecting a strong growth trajectory. The estimates show a robust growth in per capita demand in textiles by the individuals during the same period.

Further, it showed that Man Made Fibre (MMF) & blended fiber based products are contributing 52.2%, followed by 41.2% by cotton based products. On the other hand, Silk and Woollen fiber based products are contributing 5.2% and 1.3% respectively to the product basket. In absolute terms, the demand for MMF & blended textiles recorded most significant growth, with demand increasing from Rs 1.47 lakh crore to Rs 4.47 lakh crore, with a CAGR of 8.28%. Cotton maintained its position as the second most important fiber, with aggregate demand increasing from Rs 0.87 lakh crore to Rs 3.53 lakh crore with a CAGR of 10.53%.The demand for Silk and Wool based products increased at CAGR of 8.93% and 7.02% respectively during same period.