Question

What is the role of textile industries in indian economy?

Answer 1

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

• It contributes significantly to industrial production. It contributes about 14% of the total industrial production.

• It provides employment. More than 35 million persons are directly engaged in textile industry.

• It earns about 24.6% foreign exchange.

• It contributes 4% towards GDP.

• Thus textile is the only industry in the country which is self-reliant and complete in the value chain from 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