Question

State the contribution of small scale industries in increase in production.

Answer 1

Increase In production:

• Generally, large scale industries produce machinery and small scale industries produce essential goods for the nation using these machineries. Owing to a very large number of small scale industries in India, their production capacity is very huge.
• Small scale industries produced goods worth ₹ 4,22,154 crores in 1994-95. It rose to ₹ 2,82,270 crores in the year 2001-02 and to ₹ 18,34,332 crores in the year 2011-12.
• Thus, small scale industries contribute significantly in India’s total production that too using very less capital.