Question

Why do you think the textileindustry occupies unique position in the indian economy?

Answer 1

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.

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