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| 1. |
Importance of textile industry headings and explanation |
| Answer» The Textile industry occupies a unique position in the Indian Economy because:\tIt contributes significantly to industrial production (14%).\tIt employs largest number of people after agriculture, i.e. 35 million persons directly.\tIts share in the foreign exchange earnings is significant at about 24.6%.\tIt contributes 4% towards GDP.\tIt 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. | |