Question

​What is the contribution of cotton textile industry in Indian economy

Answer 1

Cotton plays an important role in the Indian economy as the country's textile industry is predominantly cotton based. ... The Indian textile industry contributes around 5 per cent to country's gross domestic product (GDP), 14 per cent to industrial production and 11 per cent to total exports earnings.

Answer 2

indian cotton textile industry is playing a significant role in indian economy by the following ways:-

it helps in increasing the gdp rate

cotton textile industry is a source of employment

jammu kashmir is a great source of cotton,hence cotton textile industry is source of income for the farmers of jammu kashmir.