Multiple choice __________ industry generates the most employment in the Indian economy. Textile Iron and steel Beverage Cement Jewellery Reveal answer Fill a bubble to check yourself A Correct answer Explanation This is the correct answer. Textile industry contributes 4 per cent towards GDP. It is the only industry in the country, which is self-reliant and complete in the value chain, i.e. from raw material to the highest value added products.