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Mention any two advantages of small-scale and cottage industries in India. - Economics

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Question

Mention any two advantages of small-scale and cottage industries in India.

Short Answer
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Solution

SSIs need to be promoted because of the following reasons:

  1. Small industries are labour-intensive. Hence, they are capable of absorbing surplus labour in productive employment.
  2. They help reduce regional disparities, as they can be started anywhere (in villages or towns) across the country.
  3. These industries can be started even by middle-income groups.
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Chapter 8: Secondary Sector : Industry - QUESTIONS [Page 125]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 8 Secondary Sector : Industry
QUESTIONS | Q 5. | Page 125
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