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The Role and Performance of Small-scale Industries in Indian Economy

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  • Dr. Srinivasulu Bayineni

Abstract

The small scale industry which plays a key role in the Indian economy in terms of employment and growth has recorded a high rate of growth since independence. Till 1956, the number of small scale units was 6195. Today it stands at 35.72 lakhs. The inherent advantages of small-scale units are reduction of regional imbalances, low investment, greater operational flexibility, low costs of production, high capacity to innovate and export, greater geographical dispersal, utilization of local material and human resources. In terms of employment, it employs 199.65 lakh persons and is the second largest employer of India’s workforce after agriculture. Today, there is a global recognition for the small enterprises as they could very well be or become the backbone of the economy. The central discussion of this paper highlights the role and performance of small-scale industries in the economy with the parameters of number of units, production, employment and exports

Suggested Citation

  • Dr. Srinivasulu Bayineni, 2004. "The Role and Performance of Small-scale Industries in Indian Economy," The IUP Journal of Managerial Economics, IUP Publications, vol. 0(3), pages 66-72, August.
    • Handle: RePEc:icf:icfjme:v:02:y:2004:i:3:p:66-72
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