Small scale industry: An engine of growth Singh Ram*, Dr. Verma O P**, Dr. Anjum Bimal*** *Research Scholar, HPU, Shimla. **Associate Professor, HPU, Shimla. ***Professor, RIMT Mandi, Govindgarh. Abstract The small scale sector in India has particularly emerged as a vibrant and dynamic segment of the economy. The strategy of economic development of any country that formulate programmes for removal of poverty by providing large scale employment, education and training, capital formation, effective mobilization of resources, balanced economic growth, expansion of trade, transport and equitable distribution of national income with effective involvement and participation of all its citizens in the accomplishment of the goal, cannot neglect small scale industrial sector(SSI). Second generation of economic reforms gave momentum to SSI with more relaxed regulatory framework to provide further impetus to growth. Indian economy has undergone transition phase witnessing the challenges of more free and market oriented environment of the liberalized era. One of the major growth drivers of the economy, the biggest challenge before SSI is not only to survive but also to grow and compete on a sustainable basis. This paper analyze the performance of Small scale industry in India and focus on policy changes which have opened new opportunities for this sector. Technology development and strengthening of financial infrastructure is needed to boost SSI and thus growth target can be achieved. Top |