Analaysis of Sickness in Small Scale Industries in India

Abstract

Indian economy is an under developed economy. Its vast resources are either unutilized or
underutilized. A major section of man power is lying idle. The per capita income is low. Capital is shy
and scarce and investment is lean. Production is traditional and the technique is outdated. The output
is insufficient and the basic needs of the people remain unfulfilled. Industrialization is the only answer
to this present state of disrupted economy. The problem is of the approach which should be direct,
utilitarian and pragmatic. Such industries do not require huge capital and hence suitable for a
country like India. The small scale industries have a talent of “dispersal”. they can be accessible to
the remote rural areas of the country and do not lead to regional imbalances and concentration of
industries at one place, which is responsible for many economic resources such as entrepreneurship
and capital. The planners and the economists in India took recourse to small scale industry because
most of these industries existed in the traditional form, which symbolize our heritage and past glory.
These still serve as the back bone of our economy, which is mostly rural.

Key words: economy, enterprise, industry, sickness, production, sick.