Question

In India, cotton textile industry contributes about _______________ industrial production, provides employment to 30 million people and ______________ toward GDP.
A.7% & 10%
B.8% & 7%
C.14% & 3%
D.20% & 2%

Answer 1

Hint: India's textiles and clothing sector is the country's second-largest employer, supplying 45 million people with direct jobs and 60 million people in allied sectors.

Complete answer:
From cotton, yarn, cloth to clothing, the garment and apparel sector in India has strengths across the entire value chain. With a broad variety of categories, ranging from traditional handloom goods, art, wool and silk products to the organised garment industry, it is highly diversified. The organised textile industry is distinguished by the use of capital-intensive technologies to mass-produce textile goods, including spinning, weaving, sorting and manufacturing of apparel.
In 2018, the domestic textiles and clothing industry stood at 140 billion dollar (including handicrafts), 100 billion dollar of which was consumed domestically, while the remaining 40 billion dollar portion was exported to the international market.

In comparison, 100 billion dollar in domestic demand was split into clothing at 74 billion dollar, technical textiles at 19 billion dollar, and home furnishings at 7 billion dollar. Though textile exports consisted of 20.5 billion dollar in textile exports, 16.1 billion dollar in clothing exports and 3.8 billion dollar in handlooms.
The domestic textile and apparel industry accounts for 2 %of India's GDP, 7% of industry production in terms of volume, and 12% of the country's export earnings. The export of textiles and garments alone accounts for about 27 percent of foreign exchange earnings. The garment and apparel industry accounts for roughly 14% of industrial production and 3% of the country's gross domestic product. The garment sector contributes nearly 8 percent of the overall collection of excise revenues.

From these discussions we can conclude that In India, the cotton textile industry contributes about 14% industrial production, provides employment to 30 million people and 3% toward GDP.

Hence, the correct answer is option (C).

Note: India has now been the world's second-largest PPE producer. Today, more than 600 Indian firms are accredited to manufacture PPEs, the global market size of which is estimated to be over 92.5 billion by 2025, up from 52.7 billion dollar in 2019.
During 2020, FDI in the clothing and apparel sector reached up to 3.45 billion dollar
Exports in the garment and apparel sector are projected to cross $300 billion by 2024-25, resulting in India's market share tripling from 5% to 15%.