A Study on Impact of Globalization and Small Scale Industry: Present Scenario

Abstract

Globalization has hit small manufacturers as they cannot compete with MNCs or large manufacturers or manufacturers. Many workers have become jobless due to closure of many units. In India, the above description makes it clear that the impact of globalization has not been uniform. Globalization has led to uneven competition between giant MNC's and dwarf Indian industries. The small scale industry sector is an important component of the overall industrial sector of the country. Increased competition from foreign companies can put pressure on local companies, making it harder for them to succeed.