INDIA

Problems facing cottage industries in India

Problems facing cottage industries in India

Inadequate capital. Due to high levels of poverty in India, it is difficult for people to access loans from banks. The available capital attracts high interest. They, therefore, use old and simple machines. High prices of raw materials. The raw materials acquired through middlemen are expensive due to the exploitative nature of the middlemen. Low-quality …

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Significance of cottage industry in India

Significance of cottage industry in India

Creation of employment opportunities. Since the industry is labour intensive, it is an important employer for both skilled and unskilled labour. This has raised the people‚Äôs standards of living. Earns foreign exchange. Through production of goods for export, it earns foreign exchange. This foreign exchange can be used to import essential capital goods and stimulate …

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Factors for the development of the cottage industry in India

Factors for the development of cottage industry in India

The industry requires little capital to establish. India has a huge population which ensures a steady supply of cheap labour. The country has an abundant supply of locally available raw materials which are used in the cottage industry. The availability of hydroelectricity which is well distributed within the rural towns. The industries can be established …

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Characteristics of the cottage industry in India

Characteristics of the cottage industry in India

The work in the industry is usually carried out manually to in some instances they also rely on simple equipment/machines. They are owned by individuals, families or groups The Labour is provided by individuals/members of the family. The industries are operated in homes or small workshops. There are middlemen who supply the industries with raw …

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7 problems facing coffee farming in India

7 problems facing coffee farming in India

Pests which destroy large parts of farms leading to losses e.g. termites. Diseases which lead to poor quality output such as coffee wilt disease and coffee berry disease. Limited land for coffee plantations due to ever increasing population. Soil exhaustion due to monoculture leading to low and poor quality yields. Competition with other coffee producing …

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SIGNIFICANCE OF TRADE TO INDIA

SIGNIFICANCE OF TRADE TO INDIA

Economic Growth: Trade creates numerous job opportunities through the several industries set up to meet the demand of various goods. A high demand of certain goods encourages specialization in production, which lead to high quality of goods Foreign exchange: Through international trade a country is able to acquire foreign currency which enables the said country …

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FACTORS THAT HAVE FAVOURED THE DEVELOPMENT OF FISH FARMING IN INDIA

FACTORS THAT HAVE FAVOURED THE DEVELOPMENT OF FISH FARMING IN INDIA

Fish farming or pisciculture involves the commercial breeding of fish, usually for food, in fish tanks or artificial enclosures such as fish ponds The following are factors that have favoured the development of fish farming in India Improvement in research on fisheries which provided the need to establish ponds where the studies are carried out. Supportive government policy of financing fish farming which came up after realizing …

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