How does the cotton industry help
the economy?
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(i) The cotton industry is a major foreign exchange earner for India. (ii) It provides employment to a large section of the population. (iii) Supports a large number ofindustries like chemical, packaging material etc. Concept: Concept of Indian Agriculture ( Importance, Problems and Reforms.)
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Cotton Industry and Exports
Cotton plays an important role in the Indian economy as the country's textiles industry is predominantly cotton based. ... The Indian textiles industry contributes around 5% to country's gross domestic product (GDP), 14% to industrial production and 11% to total export earnings.
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