write a short note on the growth of textile industry in India.
Answers
Answer:
India is first in global jute production and shares 63% of the global textile and garment market. India is second in global textile manufacturing and also second in silk and cotton production. Dear Student, Ayurvedic Textiles are made using natural fibers and dyed with medicinal rich herbs.The textile industry plays a significant role in Indian economy by providing direct employment to an estimated 35 million people, by contributing 4 per cent of GDP and accounting for 35 per cent of gross export earnings. The textile sector contributes 14 per cent of the value-addition in the manufacturing sector.
Explanation:
The industry is extremely varied, with hand-spun and hand-woven textile sector at one end of the spectrum, while the capital- intensive sophisticated mills sector on the other end. India's textile industry contributed 13•/• of the industry production. It contributed 23•/• to the GDP of India and employed more than 45 million people.