Question

Why does textile industry occupy a unique position in the Indian economy?

Answer 1

(i) It occupies a unique position in the Indian economy because it contributes significantly to the industrial production (14 percent).
(ii) It employs about 35 million people directly and earns foreign exchange of about 24.6 percent.
(iii) It contributes 4 percent towards GDP.
(iv) It is the only industry in the country which is self-reliant and complete in the chain of raw material to the highest value-added products.

Answer 2

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

❌ It contributes significantly to industrial production.

❌ It also help in employment generation.

❌ It contributes to foreign exchange earnings.

❌ It contributes 4% towards GDP.

❌ Its self reliant and complete in the value chain.

HOPE IT HELPS YOU!!