The Indian Textiles Industry has an overwhelming presence in the economic life of the country. Textiles sector contributes 14% of industrial production, 4% of GDP and 10.63% of country's export earnings. It provides direct employment to over 35 million people, which includes a substantial number of SC/ ST, and women. The Textiles sector is the second largest provider of employment after agriculture.
Indian Textiles industry was growing at 3-4% in the last 6 decades. Under 11th Five Year Plan (FYP), it was projected to accelerate to a growth rate of 16% in value and should reach the value of USD 115 billion (exports USD 55 billion and domestic market USD 60 billion) by 2012.