Growth Of The Small Scale Industry :: Progress Inspite Of The Wrath

Pic - :: Growth Of The Small Scale Industrial Units, inspite Of the wrath 

Progress of SSIs:

It would not be in a forward motion , or in a mode that could be construed as the jarred movement of the development of the small scale industrial units , in India, the small scale industries, still inspite of the various hindrance that it holds , and that it faces , this sector still has seen contributing to the revenue and it's sources to the Government of India and this sector somehow even after the reduction of the total number of units all over India , still has survived the drought that it faces due to the negligence of the Government and still continues to pay an important role in the field of strengthening the economy of India.

The small scale industry has grown and the growth history could be distributed to many a facts  that encompasses it's sphere, of development,  as same as the decline which could be sprayed to the various reason and it's spheres of destruction. 

We shall in short focus on the growth and the reason of the success of the S.S.I units- : 

 

Growth in file small sector can be measured with reference to the following:

 

(i) Industrial units,

(ii) Production,

(iii) Employment,

(iv) Capital investment, and

(v) Exports.

If one has to assess one would find that on an average atleast sixty percent of the Small Scale Industries have dwindled with the time , but inspite of all such barriers and barracades, the S.S.I units have still managed to contribute a lot in the field of their contributon to the growing G.D.P of India.

Pic - :: Scope Of The Small Scale Industrial Units 

It has been  the source for the Government from where the Government of India has collected the most revenue as a whole and  the small scale industry still inspite of it’s state of breathing it’s last , it continues to ensure that it contributes enormously to the development and the growth of the Indian economy by it’s substantial contribution.

Pic - Why Do We Need The S.S.I. Units

Assessed by any of the criteria, the small sector has recorded a spectacular growth over the last five decades. The SSI sector presently accounts for about 40 per cent of the total industrial output and contributes about 35 per cent of the total direct exports. So far as employment is concerned it comes next only to agriculture. The sector accounts for a major chunk of fresh job-creation (3.2 million in the Ninth Plan and an expected 4.4 million in the Tenth Plan).

Employment growth rate in this sector has always been more than in any other segment of the manufacturing sector in India, as would be see from Table 1 below:

The future role of this sector would largely be determined by its ability to create more employment opportunities. With decline in agricultural employment and virtual stagnation in the organised manufacturing sector, employment in the SSI sector has emerged as the only ray of hope. Of course, it cannot be expected that this sector by itself will be able to resolve the last unemployment problem, but the sector, nevertheless, can make a significant contribution.

Well , that is it and That sums it all.

Regards and Thanks

Pics

Shyamal Bhattacharjee 

Mr Shyamal Bhattacharjee, the author was born at West Chirimiri Colliery at District Surguja, Chattisgarh on July 6th 1959 He received his early education at Carmel Convent School Bishrampur and later at Christ Church Boys' Higher Secondary School at Jabalpur. He later joined Hislop College at Nagpur and completed his graduation in Science and he also added a degree in    B A thereafter. He joined the HITAVADA, a leading dailies of Central India at Nagpur as a      Sub-Editor ( Sports ) but gave up to complete his MBA in 1984 He thereafter added a Diploma In Export Management. He has authored THREE books namely Notable Quotes and Noble Thought published by Pustak Mahal in 2001 Indian Cricket : Faces That Changed It  published by Manas Publications in 2009 and Essential Of Office Management published by NBCA, Kolkatta  in 2012. He has a experience of about 35 years in Marketing .

Signature Of Shyamal Bhattacharjee 

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