Question

describe the problems of small business in India, any 4​

Answer 1

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1. Industrial units

In an economy so enormous as India, 95% of the industrial units in the country consist of small business and 40% of total industrial output is contributed by these small industries. Again, small businesses bag around 45% of the total exports from India.

2. Labour-oriented

Small business provides immense opportunities in the rural and semi-urban areas. The weight of the unemployment faced by the Indian economy is lifted by these small businesses. It is one of the most important roles of them. Like any other economy having a large labour force, the Indian government also encourage the operations of small businesses to utilise the labour by drafting policies and establishing low loan interest rates.

3. ‎Human resource

After agriculture, small businesses are the second largest employment provider in the Indian economy. In comparison to big corporations, small businesses generate the most number of employment opportunities per unit of capital invested. Therefore, they are the second largest generators of employment in human resource.

4. Utilisation of local resources

The awareness of needs and demands of the local community make the small businesses emerge in rural and semi-urban areas. Small business is community-based and generally focused on fewer areas.

This gives the opportunity to the businesses to utilise the local resources like raw material, local talent, labour and demographic opportunities. The utilisation and the mobilisation of the local resources help elevate the economic condition of that particular area.

Answer 2

Answer:

1.shortage of funds

2.labour problem

3.marketing skills

4.managerial skills