India’s textile prospects
The textile industry of India is an important economic factor and worth 14 % of the total industrial production. Textiles contribute 4 % to the GDP Gross Domestic Product as well as 10.63 % of exports earnings and the textile industry secures the employment of over 35 million people.
The value of Indian textiles was projected in the 11th Five Year plan 2012 USD 115 billion, exports will participate with USD 55 billion and the domestic market will absorb USD 60 billon. Experts expect however that the true export figures 2011-13 will settle at USD 32 billion and domestic market demand at USD 55 billion.