Question

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

• A. Small industries in India account for 95 per cent of the industrial units in the country.
• B. They contribute almost 40 per cent of the gross industrial value added.
• C. They contribute 45 per cent of the total exports (direct and indirect exports) from India.
• D. All of the above

Answer 1

The correct option is D All of the above

• 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.