India has been a major producer of cotton and it's fabric. India exports cotton fabrics to many other countries. Find out,how does it helps us
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it mainly help us in getting foreign currency and help our industries to expand themselves
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India is the largest textiles contributor with Gujarat, Maharashtra,Haryana being the major producer.
The export of cotton accounts for about 23% of all the textiles export, and therefore is a major contributor for exports as well.
It brings money into the country, enhances foreign trade , increases the foreign exchange, and tries to balance the money that goes out of the economy because of imports.
It increases the country's gross domestic product( GDP) and also helps in establishing its market in the foreign countries.
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