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A Stitch in Time: Fast-Tracking India's Textile and Apparel Value Chain Integration

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Listed:
  • Ashok Gulati

    (Indian Council for Research on International Economic Relations (ICRIER))

  • Sulakshana Rao

  • Ritika Juneja

  • Riya Jain

  • Ayushi Gupta

Abstract

Globally, the T&A sector has shifted towards man-made fibres (MMFs) like polyester and viscose, outpacing cotton. Bangladesh and Vietnam have capitalised on these trends, capturing increasing global market shares in the apparel segment, while India's share has remained stagnant. Despite its potential, India has failed to adapt, missing opportunities created by China's waning dominance in the apparel market.To achieve its ambitious goal of increasing T&A exports from USD 34.8 billion in 2023-24 to USD 100 billion by 2030, India must integrate the 5Fs across the value chain, focusing on valueadded, fashion-driven exports and boosting MMF processing. Expanding market access through trade agreements, improving existing schemes, and fast-tracking PM MITRA parks will help India compete effectively on the global stage.

Suggested Citation

  • Ashok Gulati & Sulakshana Rao & Ritika Juneja & Riya Jain & Ayushi Gupta, 2025. "A Stitch in Time: Fast-Tracking India's Textile and Apparel Value Chain Integration," Indian Council for Research on International Economic Relations (ICRIER) Policy Paper 39, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
    • Handle: RePEc:bdc:ppaper:39
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