Single Answer MCQ
Q-00014400
Why is the textile industry significant for India’s economy?
1
It mainly relies on imports
2
It does not support local jobs
3
It generates foreign exchange and employs many individuals
4
It is the only sector involved in agriculture
Answer and Solution
Answer
C. It generates foreign exchange and employs many individuals
Solution:
The textile industry generates significant foreign exchange and employs a substantial number of people, making it a cornerstone of India's economy.
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