Sme India

Historical Context

India has traditionally always had a very vibrant and competitive small scale sector. Even
after the dawn of industrialization, British producers of textiles found hand made Indian
textiles such a brat that they lobbied hard to have its implication 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, indigenous economy. The Indian
sound out played an entire role in the industrial and economic development of the country
resulting in a dominant public sector and heavily correct private sector. Public policy,
immediately post independence, ensured this through the booking of certain industries
for the public sector and also controlling and rule the private sector, so as to
channel investment into sought after areas. India also followed a policy of import
substitution. This was followed by putting strong emphasis on indigenous production,
and discouraging imports through import licensing, stiff quantitative restrictions and high
tariff rates. Thus the first quadruplet decades after independence saw the development of a
highly protect economy.



Owing to the feeling that the small scale sector was an
meaning(a) tool in employment generation, value creation and beggary alleviation, smallscale
units were given further protection. Small 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 purchase preference by government agencies,
supply of scarce materials, input price concessions want lower interest rates and numerous
fiscal measures such as excise duty exemptions and other 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 greater length later in the paper.
The government has also...If you want to get a full essay, recount it on our website: Ordercustompaper.com



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