Economics · Indian Industries
Which of the following statements accurately characterizes the textile industry in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is structurally restricted to manufacturing only low-value, unrefined goods
- 2It plays a foundational role in total industrial manufacturing output and employment generation✓
- 3It has no contribution toward foreign exchange earnings
- 4It is completely dependent on foreign imports for its raw materials
Correct answer
It plays a foundational role in total industrial manufacturing output and employment generation
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