Volume : 3, Issue : 5, May - 2014

Impact of Globalisation on Small Scale Industries in India

Shubhi Agarwal, Rohit Goel

Abstract :

Globalisation signifies a process of internationalisation plus liberalisation. It is the process of integrating various economies of the world without creating any hindrances in the free flow of goods and services, technology, capital and even labour or human capital. Globalisation has led to an “unequal competition” – a competition between giant MNC 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. This paper intends to present the impact of globalisation on Indian Small Scale Industries and also focuses on the performance of SSI, before and after globalisation.