Role of Indian Small Scale Interprises Sector in Exports: an Analysis

Micro, Small and Medium Enterprises occupy a very important place in the entire economy of the country. This is the fact that the small-scale sector has increased its 40-percentage share in total manufacturing and almost 49 percentage shares in the total exports of the country. The Small-Scale sector plays an important role in making the country self-reliant and substituting significant imports. The goods manufactured by small scale industries are helpful in speeding up the process of export promotion. The country can increase the production of important and essential items of its requirement in a short time period under the small sector and can provide employment opportunities to the people of the country. Currently, this sector is providing employment to about one crore people and the MSME sector accounts for about 30 percentage of India’s total GDP. The importance of small-scale sector enterprises in the country is going to be even more important as India is promoting manufactured products in the country. The Prime Minister of our country gave an important call for the role of small-scale industries by giving the slogan of ‘Vocal for Local’. This will promote export promotion and import substitution from our country.