Reasons Why Small-Scale Industries Predominated in India

Here are some of the reasons why small-scale industries predominated in India:

• The high cost of capital: Large-scale industries required a lot of capital to set up and operate. Small-scale industries, on the other hand, could be set up with a relatively small amount of capital.
• The lack of skilled labor: India did not have a large pool of skilled labor in the late 19th and early 20th centuries. Small-scale industries could be operated with relatively unskilled labor.
• The limited availability of raw materials: India did not have a lot of raw materials in the late 19th and early 20th centuries. Small-scale industries could use a variety of raw materials, including scrap metal and recycled materials.
• The flexibility of small-scale industries: Small-scale industries were more flexible than large-scale industries. This allowed them to adapt to changes in the market more easily.

The predominance of small-scale industries in India had a number of consequences. First, it led to a decentralized economy. Second, it led to a lack of standardization in the production of goods. Third, it led to a low level of productivity. Despite these drawbacks, small-scale industries played an important role in the Indian economy. They provided employment for a large number of people and produced a variety of goods that were essential for everyday life.

Small-Scale Industries Predominate: Class-10 History Chapter-4 The Age of Industrialization discusses that the Age of Industrialization was a period of social and economic change that transformed a human group from an agrarian society into an industrial society. Small-scale industries predominated in the late 19th and early 20th centuries. This was due to several factors, including the high cost of capital, the lack of skilled labour, and the limited availability of raw materials. Small-scale industries were also more flexible than large-scale industries, which allowed them to adapt to changes in the market more easily.

In this article, we will look into the topic ‘Small-scale Industries Predominate’ in detail. It is an important topic in Class 10 Social Science. Students can go through this article to get comprehensive notes on the topic of Small-scale Industries Predominate.