“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.