A Study of Financial Performance of Small-Scale Industries in Kashmir

Abstract

Small scale industries are very important for economic growth and promotion of equitable development. They make up a large part of Kashmir’s economy. These units manufacture food products, beverages, machinery, plastic goods, chemicals, drugs, paper products, silk, brick and tiles, cement and automobile equipment’s. Small scale industries help in generating employment opportunities and labor intensity is much higher than that of the large enterprises. From the last two decades small scale industries sector have been growing in a satisfactory pace after a long gap of disturbance. Small scale industries are important for the wellbeing of the people of every country and helps in growth both economically and socially. It also contributes to the Gross State Domestic Product, that is, it contributes about 12. 55 % to the gross domestic product of the economy. The focus of this paper is to study the impact of financial performance of small – scale industries in Kashmir. Keywords: Small Scale Industries: Financial Performance: Growth: Employment: Economy: Labor Intensity: Kashmir.