the percentage of small infustry sector is .... of whole industrial production of the country
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Answer:
80%.............
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Answer:
40%
Explanation:
Small scale industries are the industrial undertakings that have a fixed investment in plant and machinery. The unit can be held on either the ownership basis or lease basis or a hire purchase basis that does not exceed Rs. 1 crore.
The small-scale industries sector plays a vital role in the overall growth of the country. It contributes of about almost 40% of the gross industrial value being added in the Indian economy.
According to an estimate a million Rs. of investment in the fixed assets in the small scale sector produces around 4.62 million worth of goods or services having an approximate value addition of ten percentage points.
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