Question

Mention the major problems of textile industry? What is the contribution of textile industry to Indian economy?

Answer 1

Indian Textile industry is a second largest industry after agriculture in terms of economic contribution and employment generation. ... Textile and apparel sector contributes 14% to industrial production, 4% to India's Gross Domestic Product (GDP) and constitutes 15% of the country's export earnings.

Answer 2

Answer:

1. Textile industry contributes 14percent industrial production, 35million persons directly employed in the industry; it earns about 24.6 percent foreign exchange.

2.  It contributes 4 percent towards GDP.

3. It is the only industry in the country, which is self reliant and complete in the value chain i.e. from raw material to the highest value added products.

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