Question

The textile industry occupies unique position in the Indian economy”.Justify this statement with three points.

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Answer 1

(i) It occupies a unique position in the Indian economy because it contributes significantly to the industrial production (14 per cent).

(ii) It employs about 35 million people directly and earns foreign exchange of about 24.6 per cent.

(iii) It contributes 4 per cent towards GDP.

(iv) It is the only industry in the country which is self-reliant and complete in the chain of raw material to the highest value added products.

Answer 2

○ it employs about 35 million people directly and earns foreign exchange of about 24.6 percent

○ the hand spun khadi provides large scale employement to weavers in their home as cotton exchange

○ it contributes 4% to our GDP

○ Large share in the world trade of cotton