Economics · Economy
Consider the following statements regarding the textile industry of India based on recent economic data: (a) India is a leading producer of jute and ranks second globally in cotton and silk production. (b) India is the second-largest exporter of textiles and apparel globally, holding a 15 percent share of global trade. (c) The share of textiles and apparel, including handicrafts, in India's total merchandise exports stood at approximately 8 to 9 percent in the financial year 2023-24. Select the correct answer using the codes given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a), (b) and (c) are all correct
- 2Only (a) and (c) are correct✓
- 3Only (a) and (b) are correct
- 4Only (a) is correct
Correct answer
Only (a) and (c) are correct
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