When the export of cotton textile to Britain declined, India did not lose much. Why?
(a) because demand for Indian cotton textile in America increased.
(b) because South-East Asian countries welcomed Indian cotton textiles.
(c) because India’s home market had adequate number of buyers for Indian textile.
(d) because China opened a market for Indian textile.
Answers
Explanation:
option no.(C). I think it will help you friend .....
Answer:
Because India's home market had adequate number of buyers for Indian textile.
Explanation:
The textile industry in India traditionally, after agriculture, is the only industry that has generated huge employment for both skilled and unskilled labour. The textile industry continues to be the second-largest employment generating sector in India. It offers direct employment to over 35 million people in the country.[1] India is the world's second largest exporter of textiles and clothing, and in the fiscal year 2022, the exports stood at US$ 44.4 billion.[2] According to the Ministry of Textiles, the share of textiles in total exports during April–July 2010 was 11.04%. During 2009–2010, the Indian textile industry was pegged at US$55 billion, 64% of which services domestic demand.[1] In 2010, there were 2,500 textile weaving factories and 4,135 textile finishing factories in all of India.[3] According to AT Kearney’s ‘Retail Apparel Index’, India was ranked as the fourth most promising market for apparel retailers in 2009.[4]
India is the second largest producer of fibre. The country is the world's largest producer of cotton and jute.[5][6] India is also the world's second largest producer of silk.[7] Other fibres produced in India include wool, and man-made fibres. 100% FDI is allowed via automatic route in textile sector. Rieter, Trutzschler, Saurer, Soktas, Zambiati, Bilsar, Monti, CMT, E-land, Nisshinbo, Marks & Spencer, Zara, Promod, Benetton, and Levi’s are some of the foreign textile companies invested or working in India.[8] Between January and July 2021, India exported textile products worth Rs 1.77 lakh crore, which is 52.6% more than the same period last year.
In the early years, the cotton textile industry was concentrated in the cotton growing belt of Rajasthan, Maharashtra and Gujarat. Availability of raw materials, market, transport, labour, moist climate and other factors contributed to localisation. In the early twentieth century, this industry played a huge role in Bombay's economy but soon declined after independence.[23] While spinning continues to be centralised in Maharashtra, Gujarat and Tamil Nadu, weaving is highly decentralised. As of 30 November 2011, there are 1,946 cotton textile mills in India,[24] of which about 80% are in the private sector and the rest in the public and cooperative sector. Apart from these, there are several thousand small factories with three to ten looms.there is a committee established in India under 'textile committee act 1963'. this commmitte sets the quality standards for textiles manufactured for sale in the internal market as well as for export.
India exports yarn to Japan, United States, United Kingdom, Russia, France, Nepal, Singapore, Sri Lanka and other countries. India has the second-largest installed capacity of spindles in the world, with 43.13 million spindles (30 March 2011)[25] after China. Although India has a large share in world trade of cotton yarn, its trade in garments is only 4% of the world's total.
India has the largest cotton acreage, with 12,4 million hectares under cultivation, which accounts for around 36 percent of the global total of 34,1 million hectares
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