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Question
In India, cotton textile industry contributes about _____ industrial production, provides employment to 30 million persons and _____ towards GDP.
In India, cotton textile industry contributes about _____ industrial production, provides employment to 30 million persons and _____ towards GDP.
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Solution
The correct option is C 14% & 3%
The Indian textile industry is one of the largest in the
world with a massive raw material and textiles manufacturing base. Our economy
is largely dependent on the textile manufacturing and trade in addition to
other major industries. About 27% of the foreign exchange earnings are on
account of export of textiles and clothing alone. The textiles and clothing
sector contributes about 14% to the industrial production and 3% to the gross
domestic product of the country. Around 8% of the total excise revenue
collection is contributed by the textile industry.
The Indian textile industry is one of the largest in the
world with a massive raw material and textiles manufacturing base. Our economy
is largely dependent on the textile manufacturing and trade in addition to
other major industries. About 27% of the foreign exchange earnings are on
account of export of textiles and clothing alone. The textiles and clothing
sector contributes about 14% to the industrial production and 3% to the gross
domestic product of the country. Around 8% of the total excise revenue
collection is contributed by the textile industry.
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