"Textile industry occupies unique position n Indian economy." Support the statement with appropriate arguments.
DELHI - SET 3 2015
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The textile industry occupies a unique position in Induan economy, because it contributes:
- Significantly to industrial production (14 percent).
- It generates employment (35 million persons directly).
- Earns foreign exchange (about 24.6 percent).
- It contributes to a larger amount towards GDP (4 percent).
- Only industry in the country which is self reliant and complete in the value chain i.e., from raw material to the highest value added products.
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