Small Scale Industries may sound small but actually plays a very important part in the overall growth of an economy. Small Scale Industries can be characterized by the unique feature of labor intensiveness. The total number of people employed in this industry has been calculated to be near about one crore and ninety lakhs in India, the main proponents of Small scale industries.
Industry Survey is published by the government of an economy on a yearly basis. It tries to capture the different trends along with the various important developments in the field of industry that has taken place in the last one year. Now-a-days, many private organizations have cropped up which are providing Industry Survey on a regular time basis so that the different investors are able to take right decision before making their investment.
Industry Survey gives an overall idea on the growth pattern of a specific industry.
Industry Policy is adopted by all economies which acts as the determinant factor of the course of industrial development for a specified time period. This policy is subjected to change from time to time in case
Industry trends are examined to make predictions. The study includes trends related to consumer behaviour, employment, technological advancements, new product development, competition, government norms and other factors that impact the industry.
Here are some major sources of information for identifying industry trends:
Infant Industry Argument refers to an argument in favor of protecting the domestic industries through government backing, help, and intervention.
