Essay on GLOBALIZATION WILL MAR THE PROSPECTUS OF SMALL SCALE INDUSTRIES IN INDIA

English_Master February 14, 2016 No Comments
GLOBALIZATION WILL MAR THE PROSPECTUS OF SMALL SCALE INDUSTRIES IN INDIA Globalization means the removing of all physical barriers and borders between countries and interconnecting them by the means of easy and unhindered transport and communication. Globalization can also be defined as the free and easy exchange of goods, services, trade, technology, ideas and a lot more. Easy transport and communication are the essence of globalization. Thus, Globalization intends to have free cross-border flow of goods, services, capital, labour, information, ideas and intellectual property. So, globalization is more than mere trade reform. In this way, globalization is the modern renaissance that makes ideas, goods, services, trade, technology and culture permeate into the entire geography of the world thus turning it into a global nation. Some argue that given the developing nation that India is, Small Scale Industries (SSIs) can suffer and strangulate to death by the fierce competition put up by globalization. Let us analyze the situation Small Scale Industries may sound small but actually play a very important part in the overall growth of an economy. Small Scale Industries can be characterized by the unique feature of labour intensiveness. That the total number of people employed in this industry has been calculated to be near about one crore...
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