Question

a large population of India is found in textile industry why

Answer 1

Textile plays a major role in the Indian Economy
(i) It contributes 14 per cent to industrial production and 4 per cent to GDP
(ii) With over 45 million people, the industry is one of the largest source of employment generation in the country

The size of India’s textile market as of July 2017 was around US$ 150 billion, which is expected to touch US$ 250 billion market by 2019, growing at a CAGR of 13.58 per cent between 2009-2019.

The central government is planning to finalise and launch the new textile policy in the next three months. The policy aims to achieve US$ 300 billion worth of textile exports by 2024-25 and create an additional 35 million jobs.