Question

India is the leading exporter of good quality yarn. However, export of textiles will help in addition and earn more foreign exchange. Suggest measures to achieve this target​

Answer 1

Answer:

The Textile Sector in India ranks next to Agriculture. Textile is one of India’s oldest industries and has a formidable presence in the national economy in as much as it contributes to about 14 per cent of manufacturing value-addition, accounts for around one-third of our gross export earnings and provides gainful employment to millions of people. The textile industry occupies a unique place in our country. One of the earliest to come into existence in India, it accounts for 14% of the total Industrial production, contributes to nearly 30% of the total exports and is the second largest employment generator after agriculture.

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Answer 2

India is the leading exporter of good quality yarn. However, export of textiles will help in addition and earn more foreign exchange. Suggest measures to achieve this target