Which of the following statement is incorrect?
(I) The small-scale industries sector plays a vital role in the growth of the country.
(II) SSI Sector in India creates very low employment opportunities for the Indian population.
(III) SSI Sector plays important role in India's present export performance.
Select the correct answer from the options given.
Which of the following statement is incorrect?
(I) The small-scale industries sector plays a vital role in the growth of the country.
(II) SSI Sector in India creates very low employment opportunities for the Indian population.
(III) SSI Sector plays important role in India's present export performance.
Select the correct answer from the options given.
The correct option is A 2 only
SSI are those industries that require and promote more manpower
rather than machines. These industries play a vital and most important role in
the development of the country as a whole. In a country like India where the major part of
the country’s population resides in the rural area, these industries create
employment opportunities for people living in that area which helps to grow the
rural sector. These industries also contribute towards the exports by making
such products and services that are exported outside the country. SSI contributes
around 45%-50% in Indian exports. Thus, SSI is working to create equal employment
opportunities, economic growth, and promotion of exports in the country.
Therefore, only option 2 is incorrect.
SSI are those industries that require and promote more manpower rather than machines. These industries play a vital and most important role in the development of the country as a whole. In a country like India where the major part of the country’s population resides in the rural area, these industries create employment opportunities for people living in that area which helps to grow the rural sector. These industries also contribute towards the exports by making such products and services that are exported outside the country. SSI contributes around 45%-50% in Indian exports. Thus, SSI is working to create equal employment opportunities, economic growth, and promotion of exports in the country. Therefore, only option 2 is incorrect.
