Question

textile industry occupies a unique position in the Indian economy justify by giving three arguments

Answer 1

Textile industry is the only industry in the country which is self-reliant and complete in the value chain. It occupies unique position in Indian economy for the following

(i) Contribution to Industrial Production The share of textile industrial production is about 14% making it one of the largest industry in India.

(ii) Employment Generation This industry generates employment for more than 35 million persons directly or indirectly.

Answer 2

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This is because:
(@)-It contributes significantly to industrial production(14 per cent),employment generation(35 million persons directly-the second largest after agriculture)and foreign exchange earning(about 24.6%)

(ß)-It contributes 4% towards GDP.

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

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