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[[1]] industry occupies an important position in the Indian economy.

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Detailed Solution

The textile industry occupies a vital position in the Indian economy. The textile industry in India is the second largest after the agriculture industry. The existence of several small-scale industries contributing about 30% of the export from India is the uniqueness of this industry. A large number of people work in this industry. It contributed to India’s economic growth, making India second after China in producing synthetic fibres. The textile industry supports the rural economy and handlooms. The abundance of raw materials, availability of water and labour, and the black and alluvial soils are ideal for the textile industry.

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