| Read the statements carefully: |
| 1. The first apparel park in India has been established in Tirupur in Tamil Nadu. |
| 2. The clothing sector is an export intensive sub-sector and contributes about 40-50% to total textiles export. Which of these statements is/are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :
[c] Textile plays a major role in the Indian economy. Textile sector contributes 14 per cent to industrial production and 4 percent to GDP. With over 45 million people, the industry is one of the largest source of employment generation in the country. The industry accounts for nearly 13 percent of total exports. The size of India's textile market in 2014 was US$ 99 billion; the market is expected to expand at a CAGR of 9.6 percent over 2014 - 2023.
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