A PERSPECTIVE STUDY ON SMALL SCALE INDUSTRIES AND ITS IMPACT ON INDIAN ECONOMY

Abstract

Small Scale Industries is Playing main and Crustal Role in Indian Economy. About 60% to 70% of the total innovations in India comes from Small Scale Industries. Many of the big businesses today were all started small and then become into big businesses. In terms of Contributing to the Indian Economy. As per the Ministry of Statistics and Programme Implementation, Government of India, the small-scale industry sector constitutes 95% of the country’s Units. Providing employment to more than 175 lakh individuals. Small scale industries around 33.4% of manufacturing output in India and contribute over 30% of the GDP. They have become the backbone of the Indian Economy. According to the 2021-22 Economic Survey. State of the Indian Economy with a GDP of $ 3.1 trillion, Indian is the world’s Sixth Largest economy. The Country has one of the highest GDP growth rates in the world. India’s GDP will likely grow by 8% – 8.5% in FY22 with the support of Small-Scale Industries. Present paper is analyzing Scenario of SSI based on Secondary data.