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Why is there more scope for small-scale ...

Why is there more scope for small-scale industries in developing countries like India ?

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Dveloping countries face the shortage of finance and there is abundance of labour. Small-scale industries prefer techniques of production which require less finance and more labour. There is more scope for small-scale industries in India because the governmet is also doing lot of favours for small-scale industries.
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Knowledge Check

  • Economic liberalization and globalization have put pressures on Indian industry particularly on the service sector, to offerquality products and services at lowcosts and with high speed. Organizations have to compete with unequal partners from abroad. It is well recognized that developing countries like India are already behind other countries technologically, in many areas, although some of them, particularly India, boast of huge scientific and technical manpower. In addition to this, if an entrepreneur or industrialist has to spend a lot of his time, money and energy in dealing with unpredictable services and in negotiating with the local bureaucracy, it can have a significant dampening effect on business. India at present istosomeextent at par with the developed countries in terms of technological development.

    A
    If the inference is definitely true", i.e. it properly follows from the statements of facts given.
    B
    If the inference is "probably true" though not "definitely true” in the light of the facts given.
    C
    If the data are inadequate i.e., from the facts given you cannot say whether the inference is likely to be true or false.
    D
    If the inference is probably false" in the light of the facts given.

  • The upper limit of investment in plant and machinery for small-scale industries has been fixed currently at

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    C
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