Question

Textile industry occupies a unique position in indian economy support the statement with appropriate argument

Answer 1

Textile industry occupies a unique position in Indian economy because-

1) It contributes significantly to industrial production (14%)

2) It contributes 35 million persons to employment generation

3) It contributes 24% to Foreign exchange

4) It contributes 4% to GDP

5) It is the only industry which is self reliant and complete in the value chain.

Answer 2

(i) The textile industry contributes significantly to industrial production. i.e.14%.

(ii) 35 million persons are directly engaged in this industry. Thus, it is the second largest industry after agriculture in employment generation.

(iii) It contributes 4% towards GDP.

(iv) It is the only industry in India which is self-reliant and complete in the value chain, i.e. from raw material to the highest value added products.