Daily Current Affairs on National Small Industry Day 2023 for SBI (Clerical) Exam Preparation

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Indian Economy - Understanding the basics of Indian economic system

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National Small Industry Day 2023

Each year, on August 30th, India dedicates National Small Industry Day to honor and acknowledge the vital role played by small industries in the nation’s economic advancement.

  • This event serves as a platform for both central and state governments to underscore their commitment to fostering and sustaining these foundational businesses, which serve as the backbone of India’s economy.
  • Beyond fueling economic growth, these small-scale enterprises significantly contribute to job creation for a substantial segment of the population. 
  • National Small Industry Day holds remarkable significance for the nation’s emerging entrepreneurs. It contributes to cultivating a self-reliant ecosystem, ultimately bolstering the nation’s economic well-being.
  • The emergence of medium and small-scale industries has created a dynamic environment, impacting both rural and urban sectors.

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