Question

What is the importance of textile industry from the indian economy?

Answer 1

Technical textiles are playing veryimportant role in our economy growth which helps to do expenses over public facilities like healthcare, roads, highways etc. The Ministry of Textile set up different schemes such as Revised Restructured for the up gradation oftextile industry as well.

Answer 2

India's textile industry contributes about 14 per cent to industrial production; 4 per cent to the country's gross domestic product (GDP); 17 per cent to its export earnings; and is a source of direct employment for over 35 million people, which makes it the second largest provider of employment after agriculture