INTRODUCTION OF THE INDIAN TEXTILE INDUSTRY The Indian textile industry is one of the leading textile industries in the world. In addition to providing basic necessities, its role in the country's economic growth is significant. The Indian textile industry contributes approximately 14% to industrial production; 4% of the country's gross domestic product (GDP); 17% to export earnings; and is a direct source of employment for over 35 million people, making it the second largest source of employment after agriculture. Optimal raw materials, healthy Foreign Direct Investment (FDI) and an investment-ready government ensure a bright future for the Indian textile sector. Market Size The industry is expected to touch $220 billion by 2020, according to estimates by Alok Industries Ltd. Furthermore, India has the ability to increase its textile and apparel share in global trade from current 4.5% to 8% and reach $80 billion by 2020. Garment exports from India grew by 19% during July 2012-July 2013. touch $1.27 billion, on the back of growing demand in developed economies such as the United States, according to data released by the Apparel Export Promotion Council (AEPC). India has the advantage of abundant raw material resources. It is one of the largest cotton yarn producers in the world and there are good resources of fibers such as polyester, silk, viscose, etc. The country is also home to a wide range of cotton fibers and has a rapidly developing synthetic fiber industry. The most important change in the Indian textile industry has been the advent of synthetic fibers (MMF). The innovative Indian range of MMF fabrics is present in almost all the countries of the g...... middle of paper ...... problem that buyers from developed countries should have some ethical concern, so as to pay back the money that damages our ecology. To restore our ecology developed countries should pay to import the appropriate technology and also to restore the historical damage caused to the ecology. This kind of give and take policy will be beneficial to the economy and ecology of both the buyer and the seller. To create a better environment and protect the ecosystem from further degradation, developing countries must implement their well-designed policies from the beginning, cleaning up the past. errors. Developed countries, once neglected by this sector, now favor the growth of the industries. Ecological concerns and economic developments are not contradictory but complementary to each other with a single common goal of sustainable development without depleting natural resources.