A Study on Industrial Sickness in Small Scale Sector in Warangal District

Small Scale Industries occupy inevitable position in the country’s economy. It is a major contributor to the economy in terms of employment generation, infrastructure development and productivity. Government of India has taken many steps to promote Small Scale Sector from the second five-year plan (1957-1961) to till now because its plays vital role in regional economic balance. It contributes 8% of the manufacturing GDP and 31% of the GDP from the service sector. It is a boon to the economic development of the country because it creates many investments as well as employment opportunities to the people. SSIs (Small Scale Industries) provide employment to nearly 120 million people and also contribute around 40% of the exports from India. SSIs are affected by industrial sickness problem. It creates hurdle to growth levels of the economy. To warfare this problem it is necessary for the organization to identify the reasons, and preventive measures. The present study gives the concept of sickness in small scale companies, reasons and revival measures with reference to Warangal District in Telangana State of India