Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDUSTRIAL SECTOR3 Marks
Question
State the contribution of small scale industries in increase in production.
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Answer
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.
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