Volume : III, Issue : XI, November - 2014

Problems of Small Scale Industry in India

Dr P V Nayak

Abstract :

The Small Scale Industry (SSI) sector play a pivotal role in the Indian Economy in terms of its contribution to the country’s Industrial Production, Exports, Employment and the creation of an entrepreneurial base. It contributes 8 percent of the country GDP, accounts for 45 percent of the manufacturing sector output and 40 percent of exports. Government has appointed various committees for the development of SSI sector. In spite of several efforts by government still SSI are facing problems in India. Lack of sufficient funds, shortage of Raw Materials, Idle production capacity, problems related laws of state government and central government etc. are the main problems of SSI in India. The government should implement recommendations of various committees on SSI. The government should motivate SSI units for the development of Indian Economy. Special Tax structure and Finance structure should be set up by government for the development of SSI.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr P V Nayak Problems of Small Scale Industry in India International Journal of Scientific Research, Vol : 3, Issue : 11 November 2014

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