Question

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

Answer 1

Answer:

The textile industry is self-reliant and complete in value chain:

It contributes significantly to industrial production (14%).

Employment generation (35 million persons directly - the second largest after agriculture).

Foreign exchange earnings (about 24.6%).

It contributes 4 per cent towards GDP.

Answer 2

Textile industry is considered to be self reliant because products produced at each stage are used as raw materials for next stage of production.Value chain refers to a number of activities that textile industry performs right from the production of raw materials to the delivery of finished products