ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Indian industries that come under the umbrella of a large-scale industry are the cotton industry, tea industry, jute, cement, paper, engineering industry, food processing, information and electronic technology, and automobile industry. These are the few large scale industries contributing to the economy of India.

Detailed explanation-2: -Iron and steel industry, textile industry, manufacture of heavy machinery, locomotives and railway rolling stock, automobiles, shipbuilding are some examples of large scale industry.

Detailed explanation-3: -Small scale industry is an industrial undertaking in which there is a definite capital investment in its plant and machinery. Large scale industry encompasses big industrial units whose investment in their plant and machinery is beyond the limit specified by the Government. It requires semi-skilled labours.

Detailed explanation-4: -Small scale industries are referred to as those industries in which the process of manufacturing, production and servicing are done on a small scale. The investment on such industries is one time and these investments are mostly done on plant and machinery, the total investment on such industries do not exceed 1 crore.