Production of yarn in India FY 2011-2024

Production of yarn in India amounted to over five billion kilograms in the fiscal year 2023. The volume of yarn produced has consistently increased since the fiscal year 2011. For the same year wholesale price index (WPI) for cotton yarn was 149.4, which was an increase compared to the previous year.

Textile industry in India 

The textile and apparel industry contributed about five percent to India’s GDP. India is the world’s sixth-largest exporter of textiles and apparel. It was also the second-largest employer after agriculture. About 12 percent of the export earnings also came from this sector. In addition, the country was the second-largest exporter of textile yarn worldwide in 2022. In fiscal year 2022, the export value of cotton spun yarn amounted to 5.5 billion U.S. dollars from India. Ready-made garments of cotton had the largest value, worth over nine billion U.S. dollars in exports in 2023.

 Diversifying into the digital age 

With strengths ranging from traditional handloom, handicrafts, hand-spun, wool as well as silk products, the industry was estimated to reach over 220 billion U.S. dollars. The growth of organized retail and e-commerce with an increased focus on technical textiles is likely to propel the industry towards the anticipated growth direction.