Why is textile industry second largest after agriculture in India?Expl...
The textile sector, which is second largest employer after agriculture and accounts for 2% of the GDP, is a powerful means of inclusive growth in the country. Its vision is to develop this sector into a modern, vibrant and internationally competitive sector generating income and employment for millions
Why is textile industry second largest after agriculture in India?Expl...
Introduction:
The textile industry is the second-largest industry in India after agriculture. It accounts for a significant share of the country's GDP and employment. There are several reasons why the textile industry is so important in India.
Abundant Raw Material:
India is endowed with abundant raw materials such as cotton, jute, silk, and wool, which are the main inputs required for the textile industry. The country is the largest producer of cotton and jute in the world, and it ranks second in the production of silk.
Low Cost of Production:
The cost of production in the textile industry is relatively low in India due to cheap labor, which is readily available in the country. The cost of labor in India is much lower than in many other countries, which makes it cost-effective to manufacture textiles in the country.
Large Domestic Market:
India has a large domestic market for textiles, which is driven by a growing middle class with increasing disposable incomes. The demand for textiles in the country is also supported by the large population, which provides a steady demand for clothing and other textile products.
Export Potential:
India is a major exporter of textiles to the world market. The country has a well-developed infrastructure for the export of textiles, including ports, roads, and airports. The government of India also provides incentives to the textile industry to promote exports and increase foreign exchange earnings.
Government Support:
The Indian government has been supportive of the textile industry by providing incentives and subsidies to the sector. The government has also undertaken measures to improve the infrastructure for the industry and facilitate the growth of the sector.
Conclusion:
In conclusion, the textile industry is the second-largest industry in India after agriculture due to several key factors, including abundant raw materials, low cost of production, large domestic market, export potential, and government support. The industry is expected to continue to grow in the future, providing employment and contributing to the country's economic development.
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