Role of small business in India:
1. Small industries are labour intensive and less capital intensive. They generate more number of employment opportunities.
2. The share of product from small industries is 45% of total export from India. So it earn valuable foreign exchange.
3. Small scale Industries produces a wide variety of goods. e.g. readymade garments, stationery, soaps, leather goods, plastic and rubber goods.
4. The contribution of small industries to the balanced regional development of the country is very significant.
5. Small industries provide ample opportunity for entrepreneurship.
6. It enjoys the advantage of low cost of production because they used local resources in their product.
7. Due to the small size of the organisation, quick and timely decisions can be taken without consulting many people.
8. Small industries are best suited for the products which are designed according to the taste, needs and preferences of the customers.
9. Small industries maintain good personal relations with both customers and employees.
