2024 Continuing Resolution Textile Industry. The textile industry continues to evolve, and the year 2024 is poised to witness transformative trends. Overall share of cotton yarn exports to china rose to 26% in 7m fy2024 against 11% in fy2023.
Expectations from the budget include stable raw material. India’s textile industry weaves a vital thread into the nation’s economic tapestry, contributing 2.3 per cent to the gdp, 13 per cent to industrial production and 12 per cent to exports.