India is the second largest producer of garments in the world. The Indian garment industry is expected to grow to a size of US$ 223 billion by 2021, according to a report by Technopak Advisors. This industry accounts for almost 24% of the world's spindle capacity and 8% of global rotor capacity. Abundant availability of raw materials and skilled workforce have made the country a sourcing hub for the world garment industry. The Indian garment sector contributes about 14 per cent to industrial production, 4 per cent to the gross domestic product (GDP), and 27 per cent to the country's foreign exchange inflows. It provides direct employment to over 45 million people. The Indian Garment industry is set for strong growth, supported by strong domestic consumption as well as export demand. Textiles exports registered a growth of 14.58 per cent. Garment exports from India is expected to touch US$ 60 billion over the next three years according to industry experts.