The Indian textiles and clothing industry accounts for approximately 4 percent of the global T&C market. The T&A industry is one of the largest and the most important sectors for the Indian economy in terms of output, foreign exchange earnings and employment. The industry contributes approximately 7 percent to industrial output in value terms, 2 percent to the GDP and 15 percent to the country’s export earnings. It also provides direct employment to over 45 mn people and is the second largest provider of employment after agriculture. As per the WTO, India is ranked as 5th largest exporter of RMG in the world.