1.

"Textile industry occupies a unique position in Indian economy". Support the statement with appropriate arguments.

Answer»

The textile industry occupies a unique position in Indian economy, because it contributes :
(i) Significantly to industrial production (14 percent).
(ii) It generates employment (35 million persons directly).
(iii) Earns foreign exchange (about 24.6 percent).
(iv) It contributes to a larger amount towards GDP (4 percent).
(v) It is the only industry in the country 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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