Importance of micro and small scale industries in indian economy
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Role of SSI in Indian Economy
Small scale industries play an important role for the development of Indian economy in many ways. About 60 to 70 percent of the total innovations in India comes from the SSIs. Many of the big businesses today were all started small and then nurtured into big businesses. The roles of SSIs in economic development of the country are briefly explained below.

Role of Small Scale Industries in Indian Economy
1. Small Scale Industries Provides Employment
1. SSI uses labour intensive techniques. Hence, it provides employment opportunities to a large number of people. Thus, it reduces the unemployment problem to a great extent.
2. SSI provides employment to artisans, technically qualified persons and professionals. It also provides employment opportunities to people engaged in traditional arts in India.
3. SSI accounts for employment of people in rural sector and unorganized sector.
4. It provides employment to skilled and unskilled people in India.
5. The employment capital ratio is high for the SSI.
Small scale industries play an important role for the development of Indian economy in many ways. About 60 to 70 percent of the total innovations in India comes from the SSIs. Many of the big businesses today were all started small and then nurtured into big businesses. The roles of SSIs in economic development of the country are briefly explained below.

Role of Small Scale Industries in Indian Economy
1. Small Scale Industries Provides Employment
1. SSI uses labour intensive techniques. Hence, it provides employment opportunities to a large number of people. Thus, it reduces the unemployment problem to a great extent.
2. SSI provides employment to artisans, technically qualified persons and professionals. It also provides employment opportunities to people engaged in traditional arts in India.
3. SSI accounts for employment of people in rural sector and unorganized sector.
4. It provides employment to skilled and unskilled people in India.
5. The employment capital ratio is high for the SSI.
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