Consider the following statements about the textile industries in India:
- 1. The textile industry is a major employment generator, and it accounts for about 11 percent of India's manufacturing GVA.
- 2. India is the fourth largest exporter of textiles and apparel and has a share of about 10 percent of the global trade in this segment.
- 3. India's technical textile industry is growing rapidly, ranking fifth globally.
Which of the above statements is/are correct?
- A1 and 3 are correct
- B2 and 3 are correct
- COnly 1 is correct
- D1 and 2 are correct
Show answer and explanation
Correct answer: (a) 1 and 3 are correct
Explanation
- Statement 1 is correct: the textile and apparel industry is India's second largest employer after agriculture (about 4.5 crore people directly) and accounts for roughly a tenth of manufacturing output.
- Statement 2 is wrong: India is the sixth largest exporter of textiles and apparel, with a share of only about 4% of world trade, not the fourth largest with 10%.
- Statement 3 is correct: India's technical textiles market (medical textiles, geotextiles, protective clothing and others) is among the five largest in the world and is growing fast, helped by the National Technical Textiles Mission (2020). PM MITRA parks are also being built for the sector.