Why do you think the textileindustry occupies unique position in the indian economy?
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Textile industry occupies a unique positionin Indian economy due to following reasons: (i) It occupies a unique position in the Indian economy because it contributes significantly to Industrial production (14%). (ii) It employs about 35 million people directly and earns foreign exchange of about 24.6 percent.
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○ 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
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