Importance of textile industry headings and …

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Importance of textile industry headings and explanation

Posted by Suhani . V 5 years ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years ago

The Textile industry occupies a unique position in the Indian Economy because:

It contributes significantly to industrial production (14%).
It employs largest number of people after agriculture, i.e. 35 million persons directly.
Its share in the foreign exchange earnings is significant at about 24.6%.
It contributes 4% towards GDP.
It is the 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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