chapter viii wool & wollen textiles industry - Ministry of Textiles

annual report 2011-12
CHAPTER IV
EXPORTS
India’s textiles and clothing industry is
one of the mainstays of the national
economy. It is also one of the largest
contributing sectors of India’s exports
worldwide. The report of the Working
Group constituted by the Planning
Commission on boosting India’s
manufacturing exports during 12th Five
Year Plan (2012-17), envisages India’s
exports of Textiles and Clothing at US$
32.35 billion by the end of XIth Five Year
plan, as against of US$ 55 billion envisaged
in the Report of Working Group on Textiles
for the XIth Five Year Plan and based on
historic growth rate of 10% (CAGR), a
business as usual approach, will result in
exports of US$ 52 billion by the end of XI
Plan. An export target of US$ 65 billion
and creation of 25 million additional jobs
has been proposed with a CAGR of 15%
during the XII Plan. At current prices the
Indian textiles industry is pegged at US$
55 billion, 64% of which services domestic
demand. The textiles industry accounts
for 14% of industrial production, which is
4% of GDP; employs 35 million people
and accounts for nearly 12% share of the
country’s total exports basket.
Milestones
= Exports of textiles and clothing
products from India have increased
steadily over the last few years,
particularly after 2004 when textiles
exports quota stood discontinued.
= India’s Textiles & Clothing (T&C)
exports registered a robust growth
of 25% in 2005-06, recording a
growth of US$ 3.5 billion over
2004-05 in value terms thereby
reaching a level of US$ 17.52 billion
and the growth continued in 2006-
07 with T&C exports of US$19.15
billion recording a increase of
9.28% over the previous year and
reached US$ 22.15 billion in 2007-
08 denoting an increase of 15.7%;
but declined by over 5% in 2008-09.
Exports of Textiles & Clothing grew
from US$ 21.22 billion in 2008-
09 to US$ 22.41 billion in 2009-10
and has touched US$ 26.82 billion
in 2010-11. In the current financial
year i.e. 2011-12, exports of textiles
and clothing, as per latest available
data covering April-October, 2011,
has grown by 28.94% over the
corresponding period of 2010-11.
= The details of India’s textiles exports,
principal commodity-wise during the
last three years and current financial
year for the period April-October
2011 is at table 4.1.
= During the year 2010-11,
Readymade Garments account
for almost 40% of the total textiles
exports. Apparel and cotton textiles
products together contribute nearly
70% of the total textiles exports.
= The exports basket comprise a wide
range of items including readymade
garments, cotton textiles, handloom
textiles, man-made fibre textiles,
wool and woolen products, silk, jute
and handicrafts including carpets.
= India’s textiles products, including
handlooms and handicrafts, are
exported to more than a hundred
countries. However, the USA and
the EU, account for about two-thirds
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