Question carry 4 marks each
Explain the relative importance of larger scale and the small scale industry in the growth process
of the Indian economy?
Answers
Explanation:
Business Environment > Scales of Business > Role and Importance of Small Scale Industries
Scales of Business
Role and Importance of Small Scale Industries
Small scale industries are important because it helps in increasing employment and economic development of India. It improves the growth of the country by increasing urban and rural growth. Role of Small and medium scale enterprises are to help the government in increasing infrastructures and manufacturing industries, reducing issues like pollution, slums, poverty, and many development acts. Small scale manufacturing industries and cottage industries play a very important role in the economic development of India. If any amount of capital is invested in small scale industries it will help in reducing unemployment in India and increasing self-employment. The industry is a sector in which the production of goods is a segment of the economy. Let us learn more about the importance of Small scale industries and how SSI helps in developing the country.
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Answer:
Every small-scale industry plays a big role in the Indian economy. ... Secondly, procuring manpower and raw materials is also relatively easier for them.
Explanation:
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