Industrial production can be expanded—or cut down—to respond to the price and cost of, and demand for, a product. Form is successfully submitted. In a developing country like India, the role and importance of small-scale industries is very significant towards poverty eradication, employment generation, rural development and creating regional balance in promotion and growth of various development activities.

The countries which merely rely on agriculture have remained under developed, whereas nations which developed industries achieved high rates of development. But at the same time, processing the raw material at home curtails the import of goods, thereby helping to conserve foreign exchange.

Economic development gears up economic activity and economic productivity. SMEs can reap the benefits of lean production and can find new cost-efficient techniques of lean production.

These voluntary savings stimulate economic growth.

With the development of industry, the market for raw materials and finished goods widens even within the country.

In another case, the construction of milk processing plants adds to the production of ice cream as well. awesome am just enjoying writing up my assignment. (T… The basic problem that is confronting the Indian economy is increasing pressure of population on the land and the need to create massive employment opportunities. For this, you have to start a blog. Godbless!

cudos to the editor. Research suggests most people expect a business to be active on at least 3-4 social media platforms. Surplus workers migrate from the farm sector to industries, which are mostly situated in urban centers. Economic development has resulted in social services like medical, recreation, law & order, services, education at the nominal or normal rate. Business blogs are relatively easy to set up and maintain, a must for any modern business with a good inbound marketing strategy, and one of the most effective marketing options for economic development organizations.

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8. Shanza Liza from Khairpur on December 29, 2014: v.good saiif u have done really a good job....keep it up man, industries are built by cutting forests,but if there are no industries we cannot survive happily.my comment is to cut forests but also plant trees as much as possible.

labour-intensive technology is being used.

Industrialization allows countries to make optimal use of their scarce resources. A good website design should connect to visitors. People migrate from rural and semi urban areas to these highly developed centres in search of employment and sometimes to earn a better living which ultimately leads to many evil consequences of over-crowding, pollution, creation of slums, etc.

It helps in my homework thanks for help me. Importance of Industries i) Rapid growth of income They support the growth of large industries by providing, components, accessories and semi finished goods required by them. In another case, the construction of milk processing plants adds to the production of ice cream as well.

The value of exports of products of small-scale industries has increased to Rs. just did my homework!!!!!!!!!!!! It has also become a necessity for everyone to attaining the object of social welfare.

Thank you for your article because is well understood and helpful to scholars! It ensures proper utilization of resources such as national, human, and physical resources. SMEs can play a role in mitigating the problem of imbalance in the balance of payment accounts through its export promotion. It also facilitates the transfer of technology from one to the other. If a country is industrialized, it can manufacture arms and ammunition that are necessary for its own self-defense. The introduction of these influential measures of development shows the importance of development economics. In this importance of economic development, it has resulted in balance growth between agriculture and industry, consumer goods & capital goods, large scale & small scale industry, labor-intensive & capital intensive, rural & urban areas, etc. Economic development helps in the creation of better quality of products and services at cheaper prices. Industries depend for their raw material on agriculture or mines. Thanks sir, Not quite what i was looking for but ill take it, was impressed and am writing tomorrow your work helped me a lot.

The income tax received from industrialists also adds to the revenue stream of the government, and is eventually spent for the welfare of the country as a whole. Provides opportunities for development of technology: Small-scale industries have tremendous capacity to generate or absorb innovations. They also provide a seed bed for entrepreneurial talent and a testing round for new ventures. This contributes about 35% India’s total export. Disclaimer

The contribution of Small scale sector to the manufacturing sector and GDP as a whole is significant in terms of its share in total value added. i appreciate your effort towards this write up-roles of industrialization in economic development.i wish you elaborate the topic to contain the project that can be used as a yard stick to measure if a country is industrialize or not.on what project will you advise a country to embark on for the country to be recognize as an industrialize nation. As a result, the economy reaps the benefit of improved technology. Supports the growth of large industries: The small-scale industries play an important role in assisting bigger industries and projects so that the planned activity of development work is timely attended. PreserveArticles.com is a free service that lets you to preserve your original articles for eternity. 6. It is encouraging to mention that the small-scale enterprises accounts for 35% of the gross value of the output in the manufacturing sector, about 80% of the total industrial employment and about 40% of total export of the country.

So, It includes various points such as:-. 71, 244 crores in 2002-03. Industrialization stimulates progress in other sectors of the economy. It is a powerful tool of job creation.

This problem is solved to larger extent by small-scale industries because small- scale industries are labour intensive in character. Economic development results in economic growth. Role of Small and medium scale enterprises are to help the government in increasing infrastructures and manufacturing industries, reducing issues like pollution , slums, poverty , and many … Segmented email lists and personalized email lists will boost open rates even further. Privacy Policy

Mobilisation of resources and entrepreneurial skill: Small-scale industries can mobilize a good amount of savings and entrepreneurial skill from rural and semi-urban areas remain untouched from the clutches of large industries and put them into productive use by investing in small-scale units.

They generate huge number of employment opportunities. Has industrialization really helped in population control in these countries? Thank you. It is estimated that this sector has been contributing about 40% of the gross value of output produced in the manufacturing sector and the generation of employment by the small-scale sector is more than five times to that of the large-scale sector.

A development in one industry leads to the development and expansion of related industries. The export-orientation and import-substitution effects of industrialization help to improve the balance of payments.

Industrialization is the best way of providing economic stability.

Thank you.. For your article it's helped me to understand in better way than book..

This is the process of inbound marketing, an incredibly useful marketing technique for businesses in the online world. Industrialization promotes specialized labor. Plus, email newsletters clearly outperform social media marketing when it comes to eyes on the content. i entreat every underdeveloped country to consider this.

Our mission is to liberate knowledge. But they provide part time employment to a very large number of poorer sections of the society.

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