Question

Explain how does the textile industry occupies unique position in indian economy

Answer 1

The textile industry occupies a unique position in Indian economy." “The textile industry occupies a unique position in Indian economy.” ... (iv) Contribution to GDP and Foreign Exchange Textile industrycontributes 4% to India's G.D.P. It also helps in earning 24.4% of the total foreign currency drawn in the country.

Answer 2

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The textile industry occupies unique position in the Indian economy because:-

❌ It contributes significantly to industrial production.

❌ It also help in employment generation.

❌ It contributes to foreign exchange earnings.

❌ It contributes 4% towards GDP.

❌ Its self reliant and complete in the value chain.

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