According to the Annual Report 2019-20 of the Ministry of Textiles, India's textile
industry contributes what percentage to the industry output, in value terms?
-
A.
18%
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B.
15%
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C.
6%
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D.
7%
Correct Answer:
D. 7%
Explanation:
According to the Ministry of Textiles' Annual Report for 2019-20, the Indian textile industry contributes 7% to the total industrial output in value terms. It also accounts for 2% of India's GDP and 12% of the country's export earnings. Therefore, based on the options provided in the spreadsheet, 7% is the correct percentage.
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