Evaluating India's Small-Scale Industry: Analysis of Export Performance & Global Reach Potential in context to Gems & Jewellery and Marine sector

Abstract

Small-scale industries (SSIs), play a pivotal role in the economy, particularly in countries like India, contributing significantly to employment generation and per capita income stability. This study has analysed the Indian small-scale industry performance considering mainly the Gems and Jewellery (G&J) and Marine Products sectors, aiming to understand their export performance and the challenges and opportunities faced by India's small-scale industry in expanding its global reach potential.

Employing a Qualitative research methodology based on secondary sources, based on reports, statistical data and recently published journals and articles, the historical and current export performance of G&J and Marine Products has been evaluated to assess its global reach potential. The findings have emphasised sustainable practices and standard adherence as major keys to enhancing the potential reach of small-scale sectors (SSI). The paper not only provides a snapshot of the current state of India's small-scale industry in the G&J and Marine sectors but also lays the groundwork for future actions towards sustained growth and heightened global competitiveness.