What is the importance of small scale and cottage industries in India?
Answers
In Indian economy small-scale and cottage industries occupy an important place, because of their employment potential and their contribution to total industrial output and exports. ... Moreover industries are generally associated with agriculture and provide subsidiary employment in rural areas.
Read more on Brainly.in - https://brainly.in/question/6090163#readmore
1. Small scale and cottage industries play a major role in the Indian economy.
2. These type of industries are mostly established in rural areas which provide good percentage of employment to the rural people.
3. most of the industries deal with daily needs required for the people.
3. Due to the demand for the basic needs and products there will be lot of rotation of money contributed to Indian economy buy this type of industries.
4. Hence Indian government is also encouraging and providing subsidies for the establishment of Cottage and small scale industries.