Textile Stocks in India in 2024

Mostly every industry faced a boon in the country during the pandemic. Fortunately, things seem better now for all of them. Being the second largest producer of apparel and garments, India has witnessed to provide employment to as many as 4.5 million people. One of the majorly impacted industries is the textile industry in the last 2 years but recent data predicts that the industry will grow with 2.5X capacity by 2029. Some textile companies are a great multibagger when it comes to investing in them. But just to make sure that you invest in the right ones, we’ve come up with the list of the top 10 textile stocks in India in 2024. Let’s run you through a few facts about the Textile Industry of India- • India has in-house production of 25% of the world’s cotton at a comparatively low labour cost. • The FDI inflows have back-boned the manufacturing, infrastructure and supply chain of the country as well. • With the increased demand worldwide, the textile industry contributes 1/3 in the nation’s exports. #StockMarket,#TextileStocks,#TextileIndustry