Question

Why does the textile company occupy the unique position in indian economy

Answer 1

Answer:

(i) It occupies a unique position in the Indian economy because it contributes significantly to the industrial production (14 per cent). (ii) It employs about 35 million people directly and earns foreign exchange of about 24.6 per cent. (iii) It contributes 4 per cent towards GDP

Explanation:

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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