This paper tries to examine the Indian textile industry in relation to the number of employments provided and allocation of the textile industry towards total exports and finally the contribution towards the India’s Gross Domestic Product. The study also focuses on SWOT analysis of the Indian textile industry and the various segments under which the Indian textile industry works such as cotton, wool, silk, jute, technical textiles and ready-made garments. The research paper studies the various global factors or laws that are or were responsible for the international trade of textiles and provided a country with the standards, rules and regulations to carry on the trade outside its own borders The study even shows the some of the strategies or incentives the government is taking up to boost and develop the exports the of the textiles industry as a whole and finally the new tax reforms GST and its impact on the industry