industry occupies unique position in the Indian economy justify the statement giving example
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yes this is correct that industry occupies a unique position in the Indian economy because industries are the backbone of any Civilization for example steel and iron industry plays a very vital and pivotal role in the Indian economy they boost the employment and many of the workers are employed due to industries due to industries only many raw materials are manufactured and they are converted into useful materials
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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.
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