Role of Small Industries in Economic Development of Sri Lanka: A Quantitative Aspect

Abstract

The main objective of this paper is to review and assess the effectiveness of existing small industries to the economic development process of Sri Lanka. The extremely rapid developments in the field of small industries during the last formative years have been unprecedented in their impact on the national economy in general and rural poor in particular, with consequent drastic effects on, employment, number of units as well as output. A major conclusion of the paper is that the small industries are playing an ever-increasing role in the economy, which can lead to a sustained long-term growth in the country. It is my belief that the broad based small industrial structure, which is more concerned .on indigenous resources, can easily be achieved intersectoral linkages and thereby achieve a balanced growth in the economy.