Business Studies

Which of the following is true in relation to role of small business in India?


ANSWER

All of the above


SOLUTION
  • A Small Scale Industrial (SSI) undertaking is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore.
  • According to the SIDBI Report on Small Scale Industries, 1999, the SSI sector as an important segment of Indian economy, accounts for 95 per cent of the industrial units; 40 per cent of output in the manufacturing sector; employment to over 17 million persons; 35 per cent of total exports.
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