Question

The textile industry is the only industry in the country which is self-reliant and complete in the value chain. Justify the statement

Answer 1

Ans. The textile industry occupies a unique position in Indian economy, because it contributes :(a) Significantly to industrial production (14 percent).
(b) It generates employment (35 million persons
directly).(c) Earns foreign exchange (about M6 percent).
(d) It contributes to a larger amount towards GDP (4
percent).(e) Only industry in the country which is self-reliant
and complete in the value chain i.e., from rawmaterial to the highest value added products.

Answer 2

1) It contributes about 14% of the industrial production in the country.
2) It generates the second largest employment after agriculture.
3) It earns about 24.6% of foreign exchange.
4) It contributes 4% to the GDP of the country.
5) It is complete in its value chain, it is finished from raw material to the value added products.