The textile industry in India is one of the oldest industries in the Indian economy. India is the second-largest textile and clothing exporter worldwide. The textile industry incorporates the design, production and distribution of yarn, fabrics, garments, fashion accessories etc. The Indian textile industry has the ability to produce a vast variety of products suitable for different market segments, both within India and across the world. The textile sector has been expanding on account of the growth of exports, an increase in foreign direct investment (FDI), government initiatives and the latest technological advancements.