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This paper explores into the potential of technological advancements to bolster the economic viability of the Indian handloom industry. The Indian handloom sector holds immense cultural significance and is a source of livelihood for millions of artisans. However, it faces numerous challenges in terms of competition, financial constraints, and limited market reach. This paper reviews technological advancements in the textile industry, including computer-aided design (CAD), digital weaving looms, and inventory management systems. It examines the adoption and integration of technology in handloom enterprises, such as CAD software, digital looms, and online marketing. Furthermore, [Author's Name] analyzes the impact of technological innovation on production efficiency, including improved weaving techniques, automation, and digitalization. The paper highlights increased productivity, reduced labor intensity, improved quality control, cost savings, and market competitiveness as the potential benefits. Understanding the impact of technology on economic viability is essential for policymakers, industry stakeholders, and entrepreneurs to formulate strategies for the sustainable growth of the Indian handloom industry.