"The textile industry is the only industry in the country which is self-reliant and complete in the value chain." Justify the statement.
"The textile industry is the only industry in the country which is self-reliant and complete in the value chain." Justify the statement.
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The textile industry occupies a unique position in Indian economy, because it contributes:
(i) Significantly to industrial production (14 percent).
(ii) It generates employment (35 million persons directly).
(iii) Earns foreign exchange (about 24.6 percent).
(iv) It contributes to a larger amount towards GDP (4 percent).
(v) 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.
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