Journal Press India®

Issue vs Opportunities in North Karnataka’s Small-scale Industries

Vol 5 , Issue 2 , July - December 2022 | Pages: 23-30 | Research Paper  

https://doi.org/10.51976/jfsa.522204


Author Details ( * ) denotes Corresponding author

1. * Sudhir Kumar Katiyar, Assistant Professor, Department of Mechanical Engineering, Shri Ramswaroop College of Engineering and Management, Uttar Pradesh, India (sudhirkatiyar99@gmail.com)
2. Mohan Gupta, Assistant Professor, Department of Mechanical Engineering, United College of Engineering and Research, Naini, Prayagraj, Uttar Pradesh, India (mohanguptaucer@gmail.com)

One of the most important elements of a mixed economy is that small enterprises play a prominent role, which the government actively pushed. It was a smart idea to foster new job opportunities outside of normal industrial clusters as a means of preventing or, at the very least, mitigating the effects of the economic downturn. In many countries around the world, small enterprises are the driving force behind economic expansion. ‘New millennium national growth, particularly in India, has been greatly aided by it. Because of their ability to create jobs, foster entrepreneurship, utilize local resources, and strengthen the industrial backbone of the economy, they are a popular choice with politicians and the general public. More than five decades of industrial growth in India have been attributed to the small-scale sector, particularly through (SSIs), which have been regarded as essential to the country’s economic well-being.

Keywords

Small-scale industries; Economy; Entrepreneurship


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