What is the importance of rubber for theIndian economy?

1.	What is the importance of rubber for theIndian economy?
Answer» It plays a vital role in Indian economy because of the uses and importance of rubber all over the world.The rubber industry has more than 12000 crore turnover in India.2)India is the third largest producer and fifth largest consumer of natural rubber and synthetic rubber together in the world.It caters the need indefence sector(civil, aviation, aeronautics) railways, agriculture, transport , textile engineering industries, pharmaceuticals, mines, plants, ports, family planning programmes, hospitals and sports.It almost cover every conceivable area. 3)Rubber products have significant contribution in Export.It exceeds2000 crore according to recent estimate.Kerala and Tamil Nadu are leading producer of Rubbers.

Answer»

It plays a vital role in Indian economy because of the uses and importance of rubber all over the world.The rubber industry has more than 12000 crore turnover in India.2)India is the third largest producer and fifth largest consumer of natural rubber and synthetic rubber together in the world.It caters the need indefence sector(civil, aviation, aeronautics) railways, agriculture, transport , textile engineering industries, pharmaceuticals, mines, plants, ports, family planning programmes, hospitals and sports.It almost cover every conceivable area.

3)Rubber products have significant contribution in Export.It exceeds2000 crore according to recent estimate.Kerala and Tamil Nadu are leading producer of Rubbers.

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