Question

Discuss briefly the role of small-scale industries in the growth journey of India. 

Answer 1

1. In India, small-scale businesses are vital promoters of economic expansion, especially in rural and semi-urban regions. They help to reduce poverty and promote economic empowerment by giving a sizable section of citizens job opportunities and encouraging entrepreneurship.
2. These industries are essential to the advancement of balanced regional development due to their efficient use of local resources and decentralisation of economic activity.
3. Their creativity and flexibility also help boost the economy's competitiveness and productivity, making them essential to India's development.