Explain the contribution of textile industry in the indian economy

Asked by admin @ 02/08/2021 in CBSE BOARD X viewed by 292 People

Explain the contribution of textile industry in the Indian economy.

Answered by admin @ 02/08/2021

The Cotton Textile Industry is not a basic industry like iron and steel industry but it forms the largest single industry in India. Every year the Cotton Textile Industry produces 30% – 35%` of the total industrial products in the country.

In a developing country like India, the Cotton Textile Industry is very important, for it has to meet the demand for clothes of the Indians and exports too. The Cotton Textile Industry contributes nearly 30% of the value of exports, and employs more than 55 million labors. Some parts of India, viz., western and southern region are largely dependent on this industry. Besides, many people are engaged in either cotton production, or the garment industry, many factories produce the machines required for the cotton textile industry etc. Thus the Cotton Textile Industry is very important to India’s economy, directly or indirectly.

Explain the contribution of textile industry in the indian economy

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