India exported ready-made garments worth over 390 billion Indian rupees to the United States in fiscal year 2024. RMG was one among the leading export commodities of the country. During fiscal year 2024, RMG cotton accounted for the largest value among textile exports.
RMG silk and woolen garments
Over the last few years, India emerged as one of the major exporters of woolen garments. The export value of ready-made woolen garments from the country was higher than that of silk garments in the fiscal year of 2019. The majority of wool production, on the other hand, comes from ewes, due to their population. However, lamb and ram together contribute to about one-third of the wool production.
India’s apparel market
India is the world's second-largest textile and clothing exporter. According to research, the Indian apparel market value would be worth nearly 77 billion U.S. dollars by 2022. Moreover, the value of the domestic apparel market in the country has also had significant growth. The demand for textiles is mainly driven by increased penetration of the organized sector. This was evident with the inflow of FDI in the sector in the last decade.
Value of ready-made garments exported from India in financial year 2024, by leading destination
(in billion Indian rupees)
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Reserve Bank of India. (September 23, 2024). Value of ready-made garments exported from India in financial year 2024, by leading destination (in billion Indian rupees) [Graph]. In Statista. Retrieved December 09, 2024, from https://www.statista.com/statistics/624885/export-value-of-ready-made-garments-by-country-india/
Reserve Bank of India. "Value of ready-made garments exported from India in financial year 2024, by leading destination (in billion Indian rupees)." Chart. September 23, 2024. Statista. Accessed December 09, 2024. https://www.statista.com/statistics/624885/export-value-of-ready-made-garments-by-country-india/
Reserve Bank of India. (2024). Value of ready-made garments exported from India in financial year 2024, by leading destination (in billion Indian rupees). Statista. Statista Inc.. Accessed: December 09, 2024. https://www.statista.com/statistics/624885/export-value-of-ready-made-garments-by-country-india/
Reserve Bank of India. "Value of Ready-made Garments Exported from India in Financial Year 2024, by Leading Destination (in Billion Indian Rupees)." Statista, Statista Inc., 23 Sep 2024, https://www.statista.com/statistics/624885/export-value-of-ready-made-garments-by-country-india/
Reserve Bank of India, Value of ready-made garments exported from India in financial year 2024, by leading destination (in billion Indian rupees) Statista, https://www.statista.com/statistics/624885/export-value-of-ready-made-garments-by-country-india/ (last visited December 09, 2024)
Value of ready-made garments exported from India in financial year 2024, by leading destination (in billion Indian rupees) [Graph], Reserve Bank of India, September 23, 2024. [Online]. Available: https://www.statista.com/statistics/624885/export-value-of-ready-made-garments-by-country-india/