Question

How does the cotton textile industries occupy a unique position in the Indian economy explain with any three example

Answer 1

$\large\mathfrak\red{HERE\:IS\:YOUR\:ANSWER}$

Textile industry occupies a unique position in the Indian economy because:-

♧ It contributes significantly to the industrial production.

♧ It also help in employment generation.

♧ It contributes to foreign exchange earnings.

♧ It contributes 4% to GDP.

♧ It is self reliant and complete in the value chain.

$\large\mathcal\red{HOPE\:IT\:HELPS\:YOU!!}$

Answer 2

○ it employs about 35 million people directly and earns foreign exchange of about 24.6 percent

○ the hand spun khadi provides large scale employement to weavers in their home as cotton exchange

○ it contributes 4% to our GDP

○ Large share in the world trade of cotton