Sme India

Historical Context India has traditionally always had a actually vibrant and competitive thin scale domain. Even subsequently the dawn of industrialization, British producers of textiles found hand made Indian textiles such a brat that they lobbied hard to have its tax write-off banned, succeeding in the belated eighteenth century. After independence, Indian planners and policy-makers felt that protection was substantial to the development of a robust, autochthonous economy. The Indian sound out played an entire federal agency in the industrial and economic development of the country resulting in a dominant public sector and heavily remediate private sector. Public policy, immediately post independence, ensured this through the schedule of certain industries for the public sector and also controlling and chance the private sector, so as to channel investment into want after areas. India also followed a policy of import substitution. This was followe d by putting strong emphasis on indigenous deed, and reject imports through import licensing, stiff quantitative restrictions and high obligation rates. Thus the first quadruplet decades after independence power saw the development of a highly protect economy.

Owing to the face that the small scale sector was an meaning(a) tool in piece of work generation, value creation and beggary alleviation, smallscale units were given further protection. weeny scale units were given the making of over 800 products exclusive production in the small-scale sector, arriere pensee of some of the products produced in the sector for bargain for preference by government agencies, supply o f scarce materials, foreplay price concessi! ons want lower interest rates and legion(predicate) fiscal measures such as excise duty exemptions and otherwise tax concessions. The role of the state in the development of the small scale sector has non always been greatly beneficial to the sector itself as will be studied in great length later in the paper. The government has also...If you want to total a full essay, recount it on our website: OrderEssay.net

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