Q4. WRITE A NOTE TO DISCUSS THE EVOLUTION OF SMALL-SCALE INDUSTRIES IN INDIA?
A significant feature of the Indian economy since independence is
the rapid growth of the small-scale industrial sector. Over the past five
decades, successive governments have framed policies to protect the
interests of the small-scale industrial sector and facilitate its rapid
development.
Small-scale industries play a vital role in the development of the
national economy. India is facing the problems of unemployment and
paucity of capital resources. “The built in characteristics of small scale
industries, such as relatively small size of initial capital requirement,
entrepreneurship and employment generation potential, etc., render them
the ideal for balanced and decentralized development.” The employment
generated in small-scale factory units is nine times that of large
establishments for an investment of Rs.1 lakh in fixed assets.
The small-scale industries assume great importance in mitigating
the problem of unemployment, in facilitating the growth of the industrial
sector and in ensuring all round development of the economy.
Small scale industries have emerged as a vibrant and dynamic
sector of the Indian economy that contributes around 40 per cent of the
total industrial production and over 34 per cent of the national exports.
At present the Small Scale Industrial sector is providing employment to
over 250 lakh persons. The captains of our economy are more than aware
of the importance of the small scale industries in terms of employment
potential, productivity, utilization of indigenous resources, balanced
regional development etc
A significant feature of the Indian economy since independence is
the rapid growth of the small-scale industrial sector. Over the past five
decades, successive governments have framed policies to protect the
interests of the small-scale industrial sector and facilitate its rapid
development.
Small-scale industries play a vital role in the development of the
national economy. India is facing the problems of unemployment and
paucity of capital resources. “The built in characteristics of small scale
industries, such as relatively small size of initial capital requirement,
entrepreneurship and employment generation potential, etc., render them
the ideal for balanced and decentralized development.” The employment
generated in small-scale factory units is nine times that of large
establishments for an investment of Rs.1 lakh in fixed assets.
The small-scale industries assume great importance in mitigating
the problem of unemployment, in facilitating the growth of the industrial
sector and in ensuring all round development of the economy.
Small scale industries have emerged as a vibrant and dynamic
sector of the Indian economy that contributes around 40 per cent of the
total industrial production and over 34 per cent of the national exports.
At present the Small Scale Industrial sector is providing employment to
over 250 lakh persons. The captains of our economy are more than aware
of the importance of the small scale industries in terms of employment
potential, productivity, utilization of indigenous resources, balanced
regional development etc
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