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The role of small and medium enterprises and poverty in Pakistan An empirical analysis 77 V. Conclusions This study focused on the impact of small scale industries on poverty in Pakistan. The analysis incorporated autoregressive model wherein Inflation health expenditure population growth rate income inequality and one year lagged value of
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fLarge scale industries Pakistan which had almost no large industrial units at the time of partition in 1947 now has a fairly broad industrial base and manufacturing accounts for about 24 percent of GDPA. Cotton textile production is the single most important industry accounting for about 19 percent of largescale industrial employment.
Pakistan s manufacturing sector accounts for about 25 of GDP. Cotton textile production and apparel manufacturing are Pakistan s largest industries accounting for about of total exports. Other major industries include food processing beverages construction materials clothing and paper products.
Apr 19 2021Unemployment The greatest disadvantage of large scale industry is unemployment which causes many social and economic tensions. These are capital intensive industries requiring more capital and a lesser number of workers. Danger of monopoly Large scale industries if grow too much in size become a monopoly and exploit consumers.
VI Large Scale and Small Scale Production Compared. Large Scale and Small Scale Production Compared Modern times have witnessed a wonderfully rapid growth in the average size of the individual business Indeed the change in the size of the business unit during the past halfcentury is almost as striking as the change from house industry to factory industry in the second half of the eighteenth .
The use of cotton has increased by about in the country over the last five years and the economic growth has been averaging about 7 . As of 2010 the spinning capacity in Pakistan had 10 million spindles and textile exports were valued at billion and some of the major industries in the country include fertilizer cement edible
The following points explain the role of industrial development in economic growth 1. Modernisation of Industry Industrial development is necessary for modernisation of agriculture. In India agriculture is traditional and backward. The cost of production is high and productivity is low. We need tractors threshers pump sets and harvesters
Following is the role and importance of small scale industries 1. Employment Potential. Smallscale industries are labour intensive. A given amount of capital invested in smallscale industrial undertakings is likely to provide more employment. At least in the short run then the same amount of capital invested in largescale undertakings.
Feb 6 2021These industries contribute to the economy by absorbing excesses in rural areas. The main risk that this sector focuses on is factories in medium or large industries. It is very laborintensive and Small Scale Industries In Pakistan uses traditional techniques in the production process. The most difficult in today s IND or cottage industry setup
But there is a large scope for the creation of "selfemployment" and here the small scale industries can play a significant role. The development of the Indian economy over the last four decades has been characterised by a high incidence of unemployment and underemployment resulting in 30 of the population living below the
PAKISTAN Large scale industries Pakistan which had almost no large industrial units at the time of partition in 1947 now has a fairly broad industrial base and manufacturing accounts for about 24 percent of GDPA. Cotton textile production is the single most important industry accounting for about 19 percent of largescale industrial employment.
The following developments and causes led to the increased size of the business unit the large scale production (i) Specialization or division of labour. (ii) Improvements in the means of transport. Without adequate transport facilities large scale production would be impossible for every increase in output requires an expansion of
Characteristics of modern largescale industry 1. These include mainly heavy and capital intensive industries. 2. These are high tech industries where white collar workers make up a large share of the total work force. 3. Special attention and measures are taken towards the quality control. Specialisation in production is the main feature of large scale industries.
Large scale industries use the latest machinery and technology which helps in improving the production. Due to large scale production the companies benefit as well as it is beneficial for the economy as a whole. 2. Large scale industries help in the development of industries in the economy which is essential for industrialisation. 3.
1. Development of medium and large scale industries help to remove the problem of unemployment by creating wide range of unemployment by creating wide range of employment opportunities to unskilled semiskilled and skilled human resource.. 2. Proper utilization of resources. Medium and large scale industries are necessary for the scientific utilization of available natural resources such as
Importance of Industrial Sector in Economic Development. The activity in the manufacturing sector is comprised of large medium and small scale The industrial Production growth rate during the year 2005 remained 6 Large scale manufacturing growth rate is 19 9 Most of the present economic problems in Pakistan are ultimately linked to the slow pace of industrial development .
4. In Pakistan in 1947 there were only two suger industries At present 106 suger mills are opreating in pakistan It is 2nd largest industry after textile 15th rank in the world in suger production Employment 1 million Per capita consumption is 26 kg GDP contribution is
Oct 27 2021In smallscale industries manufacturing industries grow very fast due to the natural supply of raw materials and huge demand from the public. In south India the summit held where KSSIA (Karnataka small scale industries association ) was also present in January 2019 had a motive to discuss the key issues and find a solution to them at the same time provide the right environment.
Thus while largescale industries lead to concentration of income and wealth in a few hands the smallscale industries help a wide dispersal of income and thus ensure a more equitable distribution.
Small Scale Industries have always played an important role in the economic development of the country. The following are the merits of Small Scale Industries 1. Potential for large employment. Small Scale Industries have potential to create employment opportunities on a massive scale. They are labor intensive in character.
The Pakistani rupee was drastically devalued in 1972 which improved the competitiveness of the smallscale industry with the largescale industry. Prior to the devaluation the largescale industry could import machinery and raw material cheaply on an overvalued official exchange rate whereas the smallscale industry had no such access to