Mumbai, April 7 -- As per a study conducted by the Textiles Committee under the Ministry of Textiles, the domestic demand for textiles has experienced a robust growth during last 15 years. The market size of textiles has increased from Rs 4.89 lakh crores in 2010 to Rs 14.95 lakh crores in 2024 experiencing a Compound Annual Growth Rate (CAGR) growth of 8.3%. Out of total market size, the contribution of household has increased from Rs 4.18 lakh crores in 2010 to Rs 8.77 lakh crores in 2024 and played a pivotal role in driving the domestic demand of textiles in the country.

At the same time, 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....