1.

How does textile industry occupy a unique position in Indian economy? Explain giving any three points.

Answer»

Textile industry occupies a unique position in the Indian economy because: 

  • It contributes 14% of industrial production. 
  • It has generated employment to 35 million people directly which is the second largest next to agriculture. 
  • It has contributed to 24.6% of foreign exchange earnings. 
  • It contributes to 4% of GDP. 
  • It is the only industry in Indian which is self-reliant and complete in the value chain i.e., from raw material to the highest value added products.


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