Why are the small scale and cottage industries important in the development of Indian economy?
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Cottage and small scale industries occupy a very important place in the development of the Indian economy:
- These industries are labour intensive and thus generate more employment per unit of production.
- These industries make use of local resources thus better and fuller utilisation takes place.
- These industries are helpful in reducing regional imbalances in industrialisation.
- These industries also supplement the income of those people who do not get sufficient income from agriculture and allied activities.
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