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The textile industry occupies a unique position in the Indian economy because it contributes significantly to industrial production (14 per cent), employment generation (35 million persons directly the second largest after agriculture) and foreign exchange earnings (about 24.6 per cent). It contributes 4 per cent towards GDP. It is the only country, which is self-reliant and complete in the value chain i.e., from raw material to the highest value-added products. In ancient India, cotton textiles were produced with hand spinning and handloom weaving techniques. After the 18th century, power looms came into use. Our traditional industries suffered a setback during the colonial period because they could not compete with the mill-made cloth from England. In the early years, the cotton textile industry was concentrated in the cotton-growing belt of Maharashtra and Gujarat. Availability of raw cotton, transport including accessible port facilities, labour, moist climate, etc. contributed towards its localization.

Answer the following MCQ by choosing the most appropriate option:

Why does the textile industry occupy a unique position in the Indian economy?

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Because it has been important since ancient times

Because it contributes 14% of the industrial production

Because it is easy to make it grow

All the above

answer is B.

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Detailed Solution

The textile industry occupies a unique position in the Indian economy as it contributes 14% of the industrial production.
The textile industry is an agro-based industry that converts raw materials into finished goods. It is mainly associated with producing and distributing yarn, cloth and their designs. Cotton textiles are the easiest and fastest to manufacture in the textile business. Cotton is a key cash crop as well as the most important raw material in the textile industry. The supply of raw cotton, demand, transportation, and other factors all impact the establishment of a textile business in a particular place. In India, the textile sector contributes about 5% of GDP, 14% of industrial output, and 11% of total export revenues.

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