The Indian textile industry is a weaving giant. It boasts a rich heritage, significant global market share, and promising growth potential. This begs the question: Should you include textile stocks in your investment portfolio?
Company Name | Market Cap (In ₹ Crore) | 5Y-CAGR (%) |
KPR Mill Ltd | 27,372.47 | 46.48 |
Swan Energy Ltd | 19,765.02 | 42.35 |
Trident Ltd | 19,046.73 | 41.00 |
Welspun Living Ltd | 13,805.27 | 20.36 |
Note: The above stocks have been selected from the Nifty 500 universe and sorted on the basis of 5Y CAGR
India’s textile sector is one of the country’s oldest industries, stretching back millennia. India is the world’s 3rd largest exporter of textile and apparel. India ranks among the top five global exporters in numerous textile categories, with exports anticipated to exceed $100 billion. The textile and apparel industry contributes 2.3% of the country’s GDP, 13% of industrial output, and 12% of exports.
The Indian government has implemented many export promotion measures for the textile sector and allows 100% FDI in the sector through automatic methods. The Indian textiles industry’s future appears positive, thanks to robust domestic consumption and export demand. India is focusing on several key projects to strengthen its technical textile industry. The market for Indian textiles and apparel is expected to increase at a 10% CAGR to US$ 350 billion by 2030.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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