Question

India has a major producer of cotton and it's fabric . India export cotton fabric and items to many other countries. Find out , how it helps us ?​

Answer 1

Answer:

It helps our country in many ways

• It helps our country in financial manner
• If we sell our products to other countries it maintains our relationship to that country

Answer 2

Answer:

Domestic Textile and apparel industry contributes 2% to India’s GDP and accounts for 14% of industrial production, 27% of the country’s foreign exchange inflows and 13% of country’s export earnings. The Textiles & garments industry in India that employs 45 mn people in India is the second only to agriculture sector in terms of employment.

FDI in the Textiles & garments industry has more than doubled to $ 618.9 mn during 2016-17 from $ 230.1 mn, a year ago

Exports in the Textiles & garments industry are expected to reach $ 300 bn by 2024