Question:
Discuss briefly the role of small-scale industries in the growth journey of India.
Discuss briefly the role of small-scale industries in the growth journey of India.
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Small-scale industries are vital for fostering entrepreneurship and self-reliance, particularly in developing economies like India.
Updated On: Feb 5, 2025
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Solution and Explanation
Small-scale industries (SSIs) play a crucial role in India’s economic development by:
Employment Generation: SSIs provide large-scale employment opportunities, particularly in rural and semi-urban areas.
Regional Development: They promote balanced regional growth by encouraging industrialization in backward areas.
Export Contribution: SSIs contribute significantly to exports, particularly in textiles, handicrafts, and engineering goods.
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