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Question : 2
Total: 7
Why does the textile industry occupy unique position in the Indian economy. Explain.
Solution:
The textile industry occupies unique position in Indian economy because:
(i) It contributes significantly to industrial production, employment generation and foreign exchange earnings.
(ii) It is the only industry in India, which is self-reliant and complete in value chain i.e., from raw material to the highest value added products.
(i) It contributes significantly to industrial production, employment generation and foreign exchange earnings.
(ii) It is the only industry in India, which is self-reliant and complete in value chain i.e., from raw material to the highest value added products.
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