"Textile industry occupies a unique position in Indian economy" Suppor

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) 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.

"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) 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.