The small-scale industries sector contributes almost_______of the gross industrial value added in the indian economy.

20%

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40%

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60%

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80%

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Solution

The correct option is C 40%
Small Scale Industries are labor-intensive industries that require more of labour rather than machines. Small scale industries occupy a special place in India, as there is a scarcity of capital and abundance of labour, and such industries work with the capital saving techniques. The small-scale industries sector plays a very important and major role in the growth of India as It contributes almost 40% of the gross industrial value added in the Indian economy. Gross industrial value is the value that is added by the industrial sector in the economy.

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