Give an account of the cotton textile industry in India.
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Cotton Industry and Exports
India is one of the largest producers as well as exporters of cotton yarn. The Indian textiles industry contributes around 5% to country's gross domestic product (GDP), 14% to industrial production and 11% to total export earnings.Textile industry contributes 14% to industrial production and 4 per cent to GDP. With employment to 45 million people, textile industry is one of the largest source of employment generation in the country. The industry accounts for nearly 13 per cent of total export earnings of India.
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