Which parameter is used by Government of India to describe small industries?

Number of persons employed in business

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Volume of output

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Investment in plant and machinery

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None of the above

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Solution

The correct option is C Investment in plant and machinery
The definition used by the Government of India to describe small industries is based on the investment in plant and machinery. This measure seeks to keep in view the socio-economic environment in India where capital is scarce and labour is abundant.

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