Sme India

Historical Context India has traditionally always had a in truth vibrant and competitive teeny scale celestial sphere. Even subsequently the dawn of industrialization, British producers of textiles found hand made Indian textiles such a brat that they lobbied hard to have its significance banned, succeeding in the belated eighteenth century. After independence, Indian planners and policy-makers felt that protection was substantial to the development of a robust, autochthonal economy. The Indian sound out played an entire fibre in the industrial and economic development of the country resulting in a dominant public sector and heavily cover private sector. Public policy, immediately post independence, ensured this through the book of certain industries for the public sector and also controlling and rein in the private sector, so as to channel investment into sought-after(a) after areas. India also followed a policy of import substitution. This was follo wed by putting strong emphasis on indigenous occupation, and disapprove imports through import licensing, stiff quantitative restrictions and high tariff rates. Thus the first quadruplet decades after independence apothegm the development of a highly protect economy.

Owing to the savor that the small scale sector was an meaning(a) tool in usage generation, value creation and beggary alleviation, smallscale units were given further protection. slight scale units were given the making of over 800 products exclusive production in the small-scale sector, arriere pensee of some of the products produced in the sector for bargain for preference by government agencies, supply of scarce materials, gossip price concessio! ns want lower interest rates and many fiscal measures such as excise duty exemptions and opposite tax concessions. The role of the state in the development of the small scale sector has non always been greatly beneficial to the sector itself as will be studied in greater length later in the paper. The government has also...If you want to take off a full essay, recount it on our website: OrderEssay.net

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