India's legacy in textiles is a powerful competitive advantage. Leveraging its rich heritage, diverse fabrics, and skilled craftsmanship, the nation was the 6th largest exporter of textiles and apparel in the world in 202313, securing a notable 3.9% share of the global trade14. This historical strength is perfectly positioned for the future, as the global textile market is poised for significant growth, projected to reach $1.61 trillion by 2033 with a CAGR of 4.2% from 202515.
The global opportunity is being amplified by the rising middle class in key emerging markets across the Middle East and Asia, including China, the UAE, and Kuwait. This rapidly expanding consumer base is driving a substantial spike in retail demand for Indian goods. This trend allows Indian manufacturers to directly leverage their cost-effective production and deep expertise to capture this growing international business, translating into significant export growth for products like readymade garments, exquisite silk products, cotton textiles, and hand-woven carpets.
4. Agricultural products and spices