Multiple choice

The definition of “small - scale industry” in India is based on 

  1. sales by the unit

  2. investment in machines and equipments

  3. market coverage

  4. export capacity
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In India, the definition of small-scale industry is based on investment in plant and machinery or equipment. This classification criterion is used instead of sales, market coverage, or export capacity. The investment limit has been revised over time to adjust for inflation and economic changes.

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