Employment generation
Export earnings
Innovation
All of the above
Answer is Wrong!
Answer is Right!
The correct answer is: d) All of the above
Small and medium-sized enterprises (SMEs) play a significant role in Tamil Nadu’s industrial economy, contributing to employment generation, export earnings, and innovation.
- Employment generation: SMEs are the largest employers in Tamil Nadu, accounting for over 50% of the state’s workforce. They provide employment to a large number of people, especially women and youth.
- Export earnings: SMEs are also major exporters from Tamil Nadu, accounting for over 40% of the state’s exports. They play a vital role in the state’s economy by generating foreign exchange and promoting economic growth.
- Innovation: SMEs are also major innovators in Tamil Nadu. They are constantly developing new products and services, and they are often at the forefront of technological change. They play a vital role in the state’s economy by driving innovation and economic growth.
In conclusion, SMEs play a significant role in Tamil Nadu’s industrial economy, contributing to employment generation, export earnings, and innovation. They are a vital part of the state’s economy and play a key role in its development.