India's handmade carpet and rug exports reached US$ 1.39 billion in FY24 and are projected to continue growing, with the US being the largest market, accounting for approximately 40% of exports.
India is a global leader in the production and export of handmade carpets and rugs, with a rich history and a significant impact on rural employment, and exports worth USD 1.51 billion in 2021-22.
India is the world's second-largest producer of carpets, after China. India is the top producer and exporter of handmade carpets and floor coverings in terms of value and volume.
Labor-intensive
The carpet industry is highly labor-intensive, emplo
In 2023, India's IT sector exports reached $193 billion, with software and services accounting for $126 billion. This is almost double the $108 billion in 2016.