Question

what is the importance of textile industry of the Indian economy

Answer 1

Dear, Student,
Textile industries is important for our economy because it:
1. covers 61 percent of the international textile market.
2. covers 22 percent of the global marketis known to be the third largest manufacturer of cotton across the globe.
3. claims to be the second largest manufacturer as well as provider of cotton yarn and textiles in the world.
3. holds around 25 percent share in the cotton yarn industry across the globe.
4. contributes to around 12 percent of the world's production of cotton yarn and textiles.
Regards