Tripuraneni Balaji

Growth and Performance of Small Industry in India: Small Scale - Industries Tripuraneni Balaji

Small Scale Industries play a pivotal role in the economic development of India. Small scale industries have the advantages of generating gainful employment with low investment, diversifying the industrial base, reducing regional disparities through dispersal of industries into rural, semi-urban and backward areas. Small scale industries covering small, tiny, village and cottage industries play a catalytic role in achieving the national objectives of increase in industrial production, generation of additional employment, more equitable distribution of income and means of production and reducing regional disparities. Recognising the suitability of small enterprises the small scale sector has been accorded due priority in the five year plans of India.