“Impact of India’s new reforms on small scale industries in India”
The real thrust to the globalization process was provided by the new economic policy introduced by the government of India in jully1991 at the behest of the IMF and the World Bank. Globalization has led to an unequal completion-a competition between giant MNC’s and dwarf Indian enterprises.The small scale sector is a vital constituent of overall industrial sector of the country. The small scale sector forms a dominant part of Indian industry and contributing to a significant proportion of production, exports and employment therefore the present study analyzes the impact of India’s new reforms on Indian small scale industries. The main theme of the paper is to evaluate the performance of small scale sectorbefore and after new reforms and compare them with average annual growth rates to know the impact of new reforms on the performance of small scale sector. The period of the study is 1975 to 2005 and based on secondary information.
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