In India, agriculture and the textile industry are closely related. One of India's oldest businesses, textiles have a significant impact on the country's economy because it accounts for one-third of our gross export revenues, 14% of manufacturing value-added, and millions of people with gainful employment. In our nation, the textile sector holds a special position. One of the first industries to emerge in India, it contributes to roughly 30% of exports, generates 14% of industrial production, and is second to agriculture in terms of employment creation. One of people's most fundamental requirements is being met by the textile industry, which is crucial for maintaining steady growth and raising living standards. With significant value- addition at each level of processing and a unique position as an industry that is self-sufficient from the manufacturing of raw materials to the delivery of finished goods, it makes a significant economic contribution to the nation. Today we examine the structure, size, and economic importance of the Indian textile industry as well as its strengths, weaknesses, prospects, and challenges.
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