Business/Economy-One Liners-May 28th, 2017

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Business/Economy-One Liners

1-The total export of silk and silk products stood at US$ 113.12 million for the period April-August 2016.

2-With sericulture activities spread across 52,360 villages, the Indian silk industry is one of the largest generators of employment and foreign exchange for the country

3-Silk Industry provides employment to over 7.9 million people in the country.

4- India is the second largest producer of silk.

5-Over April-August 2016, export of silk and silk products from India stood at US$ 113.12 million, while exports during 2015-16 stood at US$ 364.89 million.

6-ISEPC- The Indian Silk Promotion Council

7-India is the seventh-largest producer of wool in the world with a global production share of nearly 1.8 per cent.

8-The wool industry is concentrated in Punjab, Haryana, Rajasthan, Uttar Pradesh, Maharashtra and Gujarat. Punjab accounts for about 40 per cent of wool production units, followed by Haryana (27 per cent), Rajasthan (10 per cent) and the rest of the states (23 per cent).

9-The US and the EU are key export destinations for Indian wool and wool-blended products.

10-Jodhpur-based Central Wool Development Board was formed by the Ministry of Textiles, Government of India, in 1987.

11-India’s wool consumption was estimated at 135 million kg. This is expected to increase to 260 million kg by 2019–20.

12-The exports of wool and wool blended products witnessed an increase of 11 per cent in FY 2014-15.

13-India is the third-largest tobacco producer in the world, with annual production of about 800 million kgs.

14-Indian tobacco is exported to about 100 countries.

15-Tobacco and tobacco products generate around US$ 2.9 billion in revenues to the national exchequer by way of excise duty, and around US$ 728.9 million by way of foreign exchange every year.

16-India’s wool and woollen textile industry is the seventh-largest in the world

17- India’s wool and woollen industry can broadly be divided into 10 major product categories: worsted yarn, woollen yarn, wool tops, fabric (woollen/worsted), shoddy yarn, shoddy fabrics, blankets, knitwear, hand-made carpets and machine-made carpets.

18-The textile and apparel sector contributes 14 per cent to industrial production, 4 per cent to India’s gross domestic product (GDP) and constitutes 15 per cent of the country’s export earnings.

19-The total fabric production in India is expected to grow to 69 billion sq mts by 2017-18 from 66 billion sq mts in 2015-16.

20-The textile and apparel sector provides employment to nearly 51 million people directly and 68 million people indirectly.

21-Turkey, Egypt, Indonesia, Brazil, and Germany are major importers of Indian man-made fibre yarns.

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