“The textile industry is the only industry in the country which is s

1.	“The textile industry is the only industry in the country which is self-reliant and complete in the value chain”. Justify the statement.OR“Textile industry occupies a unique position in Indian economy.” Support the statement with appropriate arguments.
Answer» The textile industry is the only industry in the country which is self-relaint and complete in the value chain i.e. from raw materials to the highest value added products. The statement can be justified as follows: Textile industry is dependent on agriculture and provides jobs to farmers, cotton boll pluckers and workers engaged in ginning, spinning, weaving, dying, packaging, tailoring and sewing. The industry by creating demand support industries like dyeing It contributes significantly to industrial production. India has world-class production in spinning and capable of using all the fibers that are produced. Textile industry has been a major foreign exchange earner with increase in foreign trade across the world. It contributes significantly to the National GDP.

“The textile industry is the only industry in the country which is self-reliant and complete in the value chain”. Justify the statement.OR“Textile industry occupies a unique position in Indian economy.” Support the statement with appropriate arguments.

Answer»

The textile industry is the only industry in the country which is self-relaint and complete in the value chain i.e. from raw materials to the highest value added products.

The statement can be justified as follows:

Textile industry is dependent on agriculture and provides jobs to farmers, cotton boll pluckers and workers engaged in ginning, spinning, weaving, dying, packaging, tailoring and sewing. The industry by creating demand support industries like dyeing
It contributes significantly to industrial production. India has world-class production in spinning and capable of using all the fibers that are produced.
Textile industry has been a major foreign exchange earner with increase in foreign trade across the world.
It contributes significantly to the National GDP.

“The textile industry is the only industry in the country which is self-reliant and complete in the value chain”. Justify the statement.OR“Textile industry occupies a unique position in Indian economy.” Support the statement with appropriate arguments.

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