A Study on the Management of Small Scale Enterprises in India During Five Year Plans

Abstract

The economic development of a country primarily depends upon the establishment of industries, which require sufficient amount of capital. In a country like India, where capital is scarce and unemployment is wide spread, growth of small scale industries is vital in order to achieve balanced economic growth. Development of Small Scale Industries plays an important role in overall economic development of a country like India where millions of people are unemployed or underemployed. Poverty and unemployment are two burning problems of the country today. This sector solves these two problems by providing employment, with lower investments. Despite of favorable polices of government towards encouragement and promotion of small scale industries, unfortunately, figures show that the conditions of small scale industries are not up to the mark. In this junction an earnest attempt has made to analyze the development of small scale industries during five year plans in India as a whole and in Andhra Pradesh in particular.