Question

the textile industry occupy unique position in indian economy. justify this statement

Answer 1

The textile industry occupies unique position in the Indian economy  because :-

It contributes significantly to industrial production (14 per cent), employment generation (35 million persons directly – the second largest after agriculture) and foreign exchange earnings (about 24.6 per cent).It contributes 4 per cent towards GDP.It is the only industry in the country, which is self-reliant and complete in the value chain i.e., from raw material to the highest value added products.
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Answer 2

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The textile industry occupies unique position in the Indian economy because:-

❌ It contributes significantly to industrial production.

❌ It also help in employment generation.

❌ It contributes to foreign exchange earnings.

❌ It contributes 4% towards GDP.

❌ Its self reliant and complete in the value chain.

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