India's Textile Sector Budget Reforms
Analysis based on 6 articles · First reported Feb 01, 2026 · Last updated Feb 01, 2026
The announcement of the 'Mahatma Gandhi Handloom Scheme' and other textile sector reforms by Nirmala Sitharaman during the Union Budget 2026-27 presentation is expected to positively impact the textile, handloom, and handicraft industries in India. These measures aim to boost domestic manufacturing, create employment, and reduce import dependencies, contributing to India's overall economic stability and growth.
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27, announcing significant reforms for India's textile industry. Key initiatives include the launch of the 'Mahatma Gandhi Handloom Scheme' and the 'Mahatma Gandhi Gram Swaraj initiative' to bolster the khadi, handloom, and handicraft sectors. The budget also proposes setting up mega textile parks and an integrated program with five components: the National Fibre Scheme, Textile Expansion and Employment Scheme, and National Handloom and Handicraft Programme. These measures aim to achieve self-reliance in natural and man-made fibers, modernize traditional clusters, and provide targeted support to weavers and artisans. Nirmala Sitharaman highlighted the United States — National Democratic Coalition government's economic trajectory since 2014, marked by stability, fiscal discipline, and sustained growth, emphasizing a focus on domestic manufacturing, energy security, and poverty reduction.
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