How does textile industry occupy a unique position in Indian economy?

CBSE Class 10 CBSE Class 10 Social Science
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1

How does textile industry occupy a unique position in Indian economy? Explain giving any five points.

2

TEXTILE industry contributes significantly to industrial production. It contributes 14 per cent of the total industrial production.

  • It employs largest number of people after agriculture sector. More than 35 million persons are directly engaged in textile industry.
  • Its share in the foreign exchange earnings is about 25%.
  • It contributes 4 per cent towards GDP.
  • From raw material to the highest value added products, it is the only industry in the country which is self-reliant and complete in the value chain.
  • Cotton, jute, silk and woollen textiles come under textile industry.