Sme India

Historical Context India has traditionally always had a truly vibrant and competitive lowly scale orbit. Even aft(prenominal) the dawn of industrialization, British producers of textiles found hand made Indian textiles such a brat that they lobbied hard to have its importation 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, native economy. The Indian sound out played an entire mathematical function in the industrial and economic development of the country resulting in a dominant public sector and heavily go under private sector. Public policy, immediately post independence, ensured this through the mesh of certain industries for the public sector and also controlling and blueprint the private sector, so as to channel investment into desire after areas. India also followed a policy of import substitution. This was followed by putting strong emphasis on indigenous performance, and reject imports through import licensing, stiff quantitative restrictions and high duty rates. Thus the first quadruplet decades after independence saw the development of a highly protect economy.

Owing to the signature that the small scale sector was an meaning(a) tool in booking generation, value creation and beggary alleviation, smallscale units were given further protection. low 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 put up preferenc e by government agencies, supply of scarce ! materials, stimulant price concessions want lower interest rates and numerous fiscal measures such as excise duty exemptions and other 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 great length later in the paper. The government has also...If you want to get a full essay, recount it on our website: BestEssayCheap.com

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