Business Studies, asked by russelpraveen3466, 1 year ago

Bring out the importance and development of the cotton textile industry of india

Answers

Answered by chocoholic15
3

The Cotton Textile Industry isn't a fundamental industry like iron and steel industry however it frames the biggest single industry in India. Consistently the Cotton Textile Industry produces 30% – 35%` of the aggregate industrial items in the nation.

In a developing ion like India, the Cotton Textile Industry is essential, for it needs to take care of the demand for garments of the Indians and exports as well. The Cotton Textile Industry contributes almost 30% of the estimation of fares and utilizes more than 55 million labors. A few sections of India, viz., western and southern area are to a great extent subject to this industry.

Moreover, many individuals are occupied with either cotton creation, or the clothing industry, numerous processing plants deliver the machines required for the cotton material industry and so on. Along these lines, the Cotton Textile Industry is essential to India's economy, straightforwardly or by implication.

Answered by Anonymous
2
➡Cotton plays an important role in the Indian economy as the country's textile industry is predominantly cotton based. India is one of the largest producers as well as exporters of cotton yarn. The textile industry is also expected to reach US$ 223 billion by the year 2021.
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