What are the contribution of textile industry in the indian economy
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textile industry play an important role in the Indian economy by making clothes to every one
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1. Textile industry contributes 14percent industrial production, 35million persons directly employed in the industry; it earns about 24.6 percent foreign exchange.
2. It contributes 4 percent towards GDP.
3. 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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