Which is the only industry in India which is self-reliant?a)Textile industryb)Iron and steelc)Electricald)SugarCorrect answer is option 'A'. Can you explain this answer?

Question

Answer

Textile industry is considered to be self reliant because products produced at each stage are used as raw materials for next stage of production. Value chain refers to a number of activities that textile industry performs right from the production of raw materials to the delivery of finished products, and adds substantial value to that product at each stage of processing. ..
It contributes significantly to industrial production (about 14%) it creates employment generation this industry is the second largest after agriculture about 24.6% of foreign exchange earnings it contributes 4% to GDP...
Relevant information from ..The Hindu..

Answer

Textile Industry is the only industry in the country which is self reliant nd complete in the value chain from the raw materials to the highest value added products. !!

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Textile industry

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Textile Industry is the only industry in the country which is self reliant nd complete in the value chain from the raw materials to the highest value added products.

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A

Answer

Textile industry is the self reliant industry of India.

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The textile industry is self-reliant and complete in the value chain:

It contributes significantly to industrial production (14%).
Employment generation (35 million persons directly - the second largest after agriculture).
Foreign exchange earnings (about 24.6%).
It contributes 4 percent towards GDP.

Answer

Textile  Industry..

Answer

Textile Industry: The Only Self-Reliant Industry in India

The textile industry is the only industry in India that can be considered self-reliant. Let's explore the reasons behind this assertion:

1. Historical Significance:
The textile industry has a long-standing history in India, dating back several centuries. Indian textiles were highly sought after in ancient times and were exported to various parts of the world. This industry has continued to flourish over the years, making India a prominent player in the global textile market.

2. Domestic Production:
India has a robust domestic production of textiles, with numerous textile mills and units spread across the country. These mills cater to both domestic and international markets, producing a wide range of textile products such as cotton, silk, wool, jute, and synthetic fibers.

3. Employment Generation:
The textile industry is a significant source of employment in India, providing livelihoods to millions of people. From farmers who cultivate cotton to workers involved in spinning, weaving, dyeing, printing, and garment manufacturing, the industry offers employment opportunities at various levels.

4. Value Chain Integration:
The textile industry in India is well-integrated, encompassing various stages of production. This integration helps in reducing dependency on external factors and ensures self-sufficiency. From raw material procurement to finished product delivery, the industry has a comprehensive value chain that supports its self-reliance.

5. Diverse Product Range:
India's textile industry produces a wide range of products, catering to the diverse needs and preferences of consumers. From traditional handloom fabrics to modern, technologically advanced textiles, the industry offers a vast array of choices. This versatility contributes to its self-reliance as it can meet both domestic and international market demands.

6. Export Potential:
The Indian textile industry has a strong export potential and is a major contributor to the country's foreign exchange earnings. With its high-quality products, competitive pricing, and timely delivery, India has established itself as a global textile hub. This export prowess further strengthens the industry's self-reliance by generating revenue from international markets.

Conclusion:
In conclusion, the textile industry in India stands out as the only self-reliant industry. Its historical significance, domestic production capabilities, employment generation, value chain integration, diverse product range, and export potential collectively contribute to its self-sufficiency. The industry's ability to meet both domestic and international market demands makes it an essential pillar of India's economy.

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