“The textile industry is the only industry in the country which is self-reliant and complete in the value chain.”

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#1

“The textile industry is the only industry in the country which is self-reliant and complete in the value chain.” Justify the statement.

Answer:
The textile industry is self-reliant and complete in value chain:

  • It contributes significantly to industrial production (14%).
  • Employment generation (35 million persons directly - the second largest after agriculture).
  • Foreign exchange earnings (about 24.6%).
  • It contributes 4 per cent towards GDP.