Small scale industries are important because it helps in increasing employment and economic development of India. Role of Small and medium scale enterprises are to help the government in increasing infrastructures and manufacturing industries, reducing issues like pollution, slums, poverty, and many development acts.

What is the role of industry in economic development?

Main Sector of Economic Development: Industry is viewed as leading sector to economic development. We can have economies of scale by applying advanced technology and division of labour and scientific management. So production and employment will increase rapidly. This will bring economic growth and capital formation.

What is the importance of small scale industries?

ROLE OF SMALL SCALE INDUSTRIES IN ECONOMIC DEVELOPMENT. Industry is the segment of economy concerned with production of goods. Small scale industry (SSI) is a term which applies to the small entrepreneurs who are engaged in manufacture and production on a micro scale.

Why are small and medium enterprises important for Economic Development?

4. While the large scale industries are expected to increase the inequities of income and concentration of wealth, SMEs are expected to help widespread equal distribution of income and wealth. 5.

Why are small scale industries important in the Green Revolution?

Small-scale industries can help sustain the green revolution in the countryside mainly through the development of agro-based industries and services, such as the production of farm implements and equipment for food processing industries and Agricultural Machinery repair and service workshops.

How does SSI sector contribute to economic development?

SSI Sector plays a major role in contributed by SSI sector. Direct exports from the SSI sector account for nearly 35% of total exports. The number of small scale units that undertake direct exports would be more than 5000. Industry is the segment of economy concerned with production of goods. Small s cale production on a micro scale.