India’s strengths in bedding and furnishings offer immediate growth opportunities | Photo Credit: PERIASAMY M

The global textile industry is undergoing a fundamental shift as brands and retailers reduce their dependence on China and diversify sourcing networks, according to a Nuvama report. The global textile market has expanded steadily and is projected to approach $1.8 trillion by CY27. China’s share of global apparel exports has declined steadily, while Vietnam, Bangladesh and other Asian suppliers have gained ground. India, meanwhile, retains a leading position in global home-textile exports. As retailers diversify sourcing beyond China, India’s established strengths in bedding and furnishings offer immediate growth opportunities. Future growth, however, will hinge on export competitiveness and the ability to capitalise on the ongoing global supply-chain diversification. Compiled by Dhuraivel Gunasekaran

Published on August 25, 2026