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Demand for unique fabrics growing in India and outside

Aug 16, 2021
Demand for unique fabrics growing in India and outside

New Delhi

It is seen that the demand for everything is soaring at an exponential rate. The same is the case in the textile industry. India being one of the largest manufacturers of fabrics has taken a unique place in the textile world.

The textile and apparel industry of India forms 5% of its GDP. It is expected that the country will grow at a CAGR of 20% for the next 5 years. It is a well-known fact that the global textile industry has an influence on everybody. The world has different requirement which means that all the countries get the same level of opportunities to produce varieties of fabrics. The textile industry contributes to 2% of the Global Domestic Product. It is forecasted that the textiles and garments industry is going to achieve a worth of $190 billion by 2025-26.

It is also seen that nowadays, online fabrics stores have also pulled up their socks. Fashion influenced people also want to try something new. They give their customers the freedom to choose the design which is later imprinted on the desired fabric. Nobody wants to look ordinary anymore. In a nutshell, the fashion industry is highly enthusiastic with thousands of physical stores and hundreds of online stores. The industry is expected to grow manifolds in the future.

Source – The Times Of India

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