Modern Reforms of Indian Small Scale Industries

Abstract

The small scale sector is a vital constituent of overall industrial sector of the country. The small scale sector forms a dominant part of Indian industry and contributing to a significant proportion of production, exports andemployment. Small scale industries employ labour intensive technology and hence generate more employment opportunities. Small scale industries generate opportunities for self-employment of technically qualified persons, artisans and professionals. A majorproblem confronting our country is of increasing pressure of population on landand the need to generate more employment avenues. A given amount of capital invested in a small scale industry provides more employment than the same amount of capital investedin a large scale industry. In a country like India confronted with the twin problems of unemployment and scarcity of capital, it is only the Small Scale Industry which can solve these problems. Small Scale Industries can be located anywhere and hence can provide employment to workers near their homes, more work for the under employed and additional work for the formers when they are idle. Therefore the present study analyzes the modern reforms of Indian Small Scale Industries. Study based on secondary sources of data collection.