Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDUSTRIAL SECTOR3 Marks
Question
Explain role of $SSI$ in earning foreign exchange.
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Answer
Exports:
Small scale industries have noticeable role in exports of India.
Small scale industries of India had exported goods and services worth $Rs. 29,068$ crores in $1994-95.$ It reached to $₹ 71,244$ crores in the years $2001-02$ and it rose to $₹ 1,77,600$ in the year $2006-07.$
The numbers tell that small scale industries helps India earn a huge foreign exchange. This is extremely beneficial for India to manage import-export balance.
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