Economics · Indian Economy and Cottage Industries
Which of the following statements correctly describes the Indian handloom industry?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a capital-intensive heavy industry located mainly in urban areas.
- 2It is an automated industry with low labor involvement.
- 3It is a labor-intensive cottage industry and the second-largest rural employment provider after agriculture.✓
- 4It depends primarily on imported raw materials and automated machinery.
Correct answer
It is a labor-intensive cottage industry and the second-largest rural employment provider after agriculture.
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