Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDUSTRIAL SECTOR3 Marks
Question
How do SSIs save foreign exchange?
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Answer
Saves foreign exchange:
Small scale industries, on one hand, generate export incomes and on the other hand reduce India’s import expenditure by producing many necessary goods locally.
This helps to improve balance of payment and save spending foreign exchange unnecessarily.
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