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Question
How much of the Indian textile industries total production is exported?
How much of the Indian textile industries total production is exported?
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Solution
The correct option is A One Third
India textiIe
industry largely depends upon the textiIe manufacturing and export. It also
plays a major role in the economy of the country. India earns about 27% of its
total foreign exchange through textiIe exports. Further, the textile industry
of India also contributes nearly 14% of the total industrial production of the
country. It also contributes around 3% to the GDP of the country. India textile
industry is also the largest in the country in terms of employment generation.
It not only generates jobs in its own industry, but also opens up scopes for
the other ancillary sectors. Indian textile industry currently generates
employment to more than 35 million people.
India textiIe industry largely depends upon the textiIe manufacturing and export. It also plays a major role in the economy of the country. India earns about 27% of its total foreign exchange through textiIe exports. Further, the textile industry of India also contributes nearly 14% of the total industrial production of the country. It also contributes around 3% to the GDP of the country. India textile industry is also the largest in the country in terms of employment generation. It not only generates jobs in its own industry, but also opens up scopes for the other ancillary sectors. Indian textile industry currently generates employment to more than 35 million people.
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