India is the world’s largest producer of cotton. It is one of the most important fibre and a cash crop of India and plays a dominant role in the industrial and agricultural economy of the country.
India accounts for 26 percent of the world’s cotton production and is the second-largest manufacturer of textile and clothing in the world. It is also the second-largest exporter with a share of 5 percent of global trade.
In the special segment ‘Commodities Trade’, CNBC-TV18’s Manisha Gupta details the global consumption of cotton and why Indian cotton is the cheapest.
Watch the video for more