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Question
Why does the textile industry occupy Unique position in the Indian economy. Explain.
Answer in Brief
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Solution
- The textile industry occupies unique position in the Indian economy, because it contributes significantly to industrial production, employment generation and foreign exchange earnings.
- It is the only industry in the country, which is self-reliant and complete in the value chain i.e., from raw material to the highest value added products.
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Contribution of Industry to National Economy
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