Importance of Small Scale Industries in Economic Development.
Essay on the Small Scale Industries in India (484 Words) It is seen that the classification of industries is relative and often overlap one another. Any industry can be classified into more than two or three categories. Each classification highlights only one aspect of the industry.There is also a need for small entrepreneurs to keep pace with the structural and technological changes taking place in large industries. Examples of small scale industries are soap, furniture, shoes, food processing units, textiles, light industries, construction units, vehicle parts, automobile parts etc.Solved Question on Importance of Small Scale Industries. Question: Match these features of SSIs with the nature of the roles they play in the economy. 1. SSIs increase industrial output value by almost 10% A. Welfare 2. Export policies of the government favor SSIs B. Employment 3.
For example, these are the ideas of Small scale industries: Napkins, tissues, chocolates, toothpick, water bottles, small toys, papers, pens. Small scale industries play an important role in social and economic development of Indi a. These industries do a one-time investment in machinery, plants.Small scale industries are small businesses that do not have a large output. They may be contrasted to large corporations that use huge factories to create thousands of products a day. An example of a small scale industry is a family run workshop creating hand made products like clothing or carved toys.
Demerits or Disadvantages of Small Scale Industries. 1. Lack economies of scale: SSI’s produce in small quantities. Therefore they do not enjoy economies of scale in purchases, production and marketing. Their costs are consequently higher and they are not able to compete with large scale units.
