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

OR

“Textile industry occupies a unique position in Indian economy.” Support the statement with appropriate arguments.

2 Answers

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The textile industry is the only industry in the country which is self-relaint and complete in the value chain i.e. from raw materials to the highest value added products.

The statement can be justified as follows: 

  • Textile industry is dependent on agriculture and provides jobs to farmers, cotton boll pluckers and workers engaged in ginning, spinning, weaving, dying, packaging, tailoring and sewing. The industry by creating demand support industries like dyeing
  • It contributes significantly to industrial production. India has world-class production in spinning and capable of using all the fibers that are produced. 
  • Textile industry has been a major foreign exchange earner with increase in foreign trade across the world. 
  • It contributes significantly to the National GDP.
+1 vote
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Textile industry occupies a unique position in Indian economy:

1. It contributes enormously to industrial production (14%), 4% to the GDP and almost a quarter of the foreign exchange earnings.

2. It is the second largest sector after agriculture in terms of employment generation. It employs almost 35 million people directly.

3. It is the only industry in the country that is self-reliant and produces from raw material to highest value-added products i.e. complete in the value chain.

Textile production has been prominent in the country since ancient times. It’s a very important of the country's tradition as well as economy.

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