What Contributions Do Small Businesses Make to Indian Economy?

As the independent India managed to establish large scale industries, the next well-though decision was to promote the small scale industries. As the Indian economy adopted the liberalization policy in early 1990s, the focus was shifted to the development of small scale industries. As a result, small businesses in India started growing.

Today, small businesses of the country play a significant role in the overall development of its economy. This is the reason that government of India has initiated a number of programs and has made a number of policies to ensure further development of small scale businesses and industrial units. Here are some important ways in which small businesses contribute towards the Indian economy.

Development of Backward Regions
Small scale industries and businesses are generally set up in rural areas. This helps in the development of rural and backward areas of the country. As a result, the economic condition of these areas improves that ultimately contributes towards the growth of the Indian economy.

Increase in Employment
Small businesses in India significantly contribute towards the employment for people who don’t get jobs in large scale industries. This has seriously helped to stop migration of people from rural areas and small towns to large cities. As more people get jobs due to small business setups, this results in the overall economical growth.

Foreign Exchange Earnings
Another way that makes small businesses in India important is increase in earning of foreign exchange by exporting quality goods to the foreign markets. Thanks to the production at small scale industrial units, the Indian goods have gained reputation in a number of foreign markets across different continents. Needless to say, this has supported the growth of Indian economy in a big way.

Independent social living, increase in living standard, support to large scale industries and capital optimization are some of the other important ways in which small businesses in India have gained importance. Small scale businesses have gained success due to a number of reasons, the availability of internet being an important one. The use of online business directories to find global buyers has helped these businesses to be a part of the global supply chain.

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An Overview of Mobile Phones Industry in India

The mobile phones industry in India has been an attractive destination for the global mobile phone manufacturers from the very start. It was thought in the beginning that the mobile phones in India will serve the growing communication needs in the country. Considering the growth of the industry in India, it can be said that the estimated results have been achieved beyond expectations.

Apart from mobile phone manufacturers, the industry has also seen the growth of mobile phone carriers, mobile phone application developers, mobile phone content providers and so on. It is expected that the industry is going to keep on growing to attain the anticipated goals at a fast rate.

There are two big reasons for the rapid growth of mobile phones industry in India. First, there is a huge market for entry-level mobile phones. And second, the high-end mobile phone buyers too exist in the Indian mobile phone market. These reasons encourage the top mobile phone manufacturers to experiment their products from different categories in the Indian market.

While Samsung, Nokia, Sony and LG are some of the topmost companies that have successfully launched a number of mobile phone models in the country, the companies like Blackberry too are joining the league fast. Besides, there has been a recent rise in the local mobile manufacturers as well. Micromax, Karbonn and Spice are some of the local manufacturers that have started grabbing a significant share in the mobile phones industry in India.

To match up the growing demand of mobile phones, the mobile phone carrier services like Bharti Airtel, Tata Teleservices and Reliance Communications have improved their services as well. Uninor and Videocon are among the latest entrants among mobile service providers that are making place for themselves at a fast rate.

Some of the factors responsible for the growth of the industry include growing income of the middle-class families, popularity of mobile based services like online ticket booking and low rate mobile connection plans. The recent launch of 3G by different mobile carrier service providers in the country has further made the things favorable for high-end growth of the mobile phones industry in India.

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A Brief Understanding of the Export Business in India

The Indian export business has been growing steadily for the past several decades. Indian exporters have succeeded in taking the export business to an international level.

Factors Contributing To the Growth of Export Sector

Several factors have contributed to the growth of export business in India. The growth of Small and Medium enterprises is one of the most important factors that have led to an increase in the export of the country. Most of the Indian exporters include the SME sectors which have grown tremendously during the past several years.

Some of the most important and profitable sectors in the export business include textiles, chemicals, telecommunication hardware, food grains, iron and steel, consumer durables and electronics. India is second largest exporter in the world next to China.

Another important factor that has led to the acceleration of exports is the online business to business web portals. The use of business directory by the Small and Medium enterprises has led to a global exposure of products and services.

Today Indian exporters can easily find markets for their products through online portals. The small enterprises found it difficult to reach the target audience but with the use of the b2b directories, these industries are able to showcase different products and services in the global markets, make better and faster transactions and have an in depth knowledge about market situations.

Indian exporters have a healthy competition with neighbouring countries which has further led to the growth of export sector in the country. The government has created new opportunities by introducing several policies to augment the export sector. By the year 1990, government introduced liberal policies to boost the export business in India. The introduction of various trade policies have led to a substantial flow of foreign currency.

Some of the Important Export Products

The Indian exporters maintain cordial trade relations with neighbouring countries. Majority of the commodities produced in the country are exported to foreign countries. Some of the most important and notable commodities include:
Iron and steel: India is the leading exporter of iron and steel to different countries all over the world.

• Leather products: leather products like shoes, bags and belts are exported to different countries on large basis. It is one of the most profitable sectors of the Indian economy.
• Textiles: another sector that contributes to the GDP of the country is the textile industry.
• Chemicals and pharmaceuticals: India is the leading exporter of various chemicals and pharmaceuticals. The export of petroleum has also increased during the past several years.
• Readymade garments: Indian exporters are well known for their readymade products in the international markets. Indian dresses and fabrics have immense appreciation all over the world.
• Jewellery: Indian jewellery has craved a niche in the global markets with its unique blend of traditional and contemporary styles.
• Dairy products: a leading exporter of milk products and eggs, the current census show a considerable increase in the export of dairy products.

The growth of SMEs and the use of business directory have led to a notable growth of the export sector of the country in many ways. Today the country is a leading exporter of many commodities in the international market.

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Kundan Jewellery Spells Magnificence and Elegance

Indian jewellery is considered the embodiment of traditional beauty and opulence. Among the wide variety of designs and patterns of Indian jewellery, the Kundan jewellery is known to be the perfect image of skilled craftsmanship and matchless talent.

The Origin of Kundan Jewellery

Kundan jewellery dates back to the early Mughal Empire. The art of making this magnificent jewellery can be traced back to the states of Gujarat and Rajasthan. Heavy designs and intricate patterns done in semi precious and precious stones became so popular those days as it was worn mostly by the royal families.

Even after several decades, the essence of kundan jewellery remains untarnished with experienced craftsman bringing forth new designs and innovative ideas for a complete make over. These jewels are basically made in gold and silver along with precious stones like emerald, ruby and so forth.

The very essence of kundan jewellery lies in the way the stones are set on the kundan. Solid gold is rarely used as the whole process requires skilful cutting of holes for the gems or stones to be placed precisely in the kundan. Some of the most precious stones enamelled in the jewellery includes topaz, amethyst, rock crystal, jade, garnet and sapphire. However, the base material used for this jewellery is known as Lac, which is a liquid secretion. Gold is then used to cover the lac and the stones are pushed into the jewellery.

Best Choice for Brides

The traditional kundan jewellery is undoubtedly the most exquisite jewellery sets that a bride can adorn in her life. Available in a wide variety of colors and designs, these elegant set of jewellery can match any colored bridal outfit. The jewellery includes earrings, bracelets, necklaces, bangles and mang tilak.

The jewelleries are classical masterpieces with intricate designs and patterns of laying precious gems by most dedicated Indian jewellers. This Indian jewellery ranges among the top priorities of Indian brides because it is a paragon of aesthetic values and royalty.

Moreover, it blends well with the bridal lehenga cholis and sarees. Designer sarees and lehengas also complement with the kundan jewellery. It is available in silver, golden and copper colors to match almost any outfit. As this jewellery is heavily set, it usually blends well with the bridal outfit or heavily embroidered outfits. It is difficult to find any other Indian jewellery with such matchless beauty as the kundan jewellery.

There are quite a number of jewellers that offer these jewelleries at affordable rates. You can also shop for them in the online stores which offer a wide variety of designs and patterns to suit individual preferences. You can find jewellery sets which include a beautiful necklace with earrings and a mang tilak exclusively for brides- to- be. Earrings and necklaces set in pearls and beads are greatly in vogue these days.

The Kundan jewellery sets are a unique combination of contemporary styles and traditional designs which makes them even more attractive and alluring in the international markets. Known for excellent craftsmanship, these jewelleries undoubtedly add a golden touch to the brides’ attire.

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An Overview of Product Manufacturing Industries in India

The Indian economy is based upon three important sectors that offer pillaring support to the economy’s fast growth rate. These three sectors include agriculture, manufacturing industries and service sector. Earlier, the agriculture sector was a dominating sector. At present, it is the service sector which has maximum contribution towards the country’s GDP.

However, the future of manufacturing industrial sector is big and bright. The manufacturing industries in different segments are constantly on a rise and the industrial products from India are increasing in demand all over the world. Among the developing and emerging economies, the industrial supplies sector of India ranks at fourth position and it is expected to keep on moving ahead of other economies.

Way back in 1990, India and China started from the same point. The GDP values for both the countries were more or less same. However, China took the initiatives in the manufacturing sector and started progressing in the production of different industrial products at a fast pace. Today, there is a huge gap between the GDP values of the two countries, with China leading and still going strong. It is not wrong to say that China will soon secure its position at number two among the most powerful economies of the world.

The economical reforms that began in India in 1990s have started bearing fruits. Industrial de-licensing and removal of ban from foreign investments allowed the foreign manufacturing companies to make investments in India. Besides, India has made a huge progress in the field of science and technology. Above all, India already has a big pool of technical talent in the form of its workforce which is specialized in different fields of manufacturing.

Another factor that is favorable to the growth of the industrial products manufacturing industry is the availability of the workforce and labor at a much cheaper rate in Indian as compared to various North American and European countries. Being a member of the world Trade Organization, the Indian economy is fast adapting the international standards of manufacturing and exporting industrial products and industrial supplies. Subsidization practices followed by the Indian government too support the growth of the manufacturing industries, especially those at the small and medium scales.

Here are some of the main highlights of the manufacturing industries in the country that are worth taking a look at:

• The Indian chemical manufacturing industry is among the top industrial products manufacturing industries as it contributes nearly 30 billion dollars towards the total GDP value every year.
• The growth in the pharmaceutical product manufacturing in the country is driven by lower costs involved in the research and development as well as low cost of manufacturing of medicines.
• Auto manufacturing industry is also on the rise as both domestic as well as international manufacturers are investing big in the industry.
• Glass manufacturing, rubber manufacturing, electrical component manufacturing industry and many other segments of manufacturing industry are too developing fast in the country.

There is need to develop infrastructure and manage the energy resources effectively, so that the growth of the manufacturing industries in the country keep on moving further towards growth and progress.

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Cotton Sarees: Reasons that Keep Them in Demand

Not only the Indian, but the women from western countries too are attracted towards the sarees. There are several reasons that contribute towards the fame acquired by the cotton-made sarees. The following discussion highlights the reasons that make cotton sarees the eminent wear beyond the geographical boundaries.

Comfortable for All Seasons
Cotton sarees are comfortable wear for all seasons. Though many consider them to be specific for summer wear, these sarees can be worn in winters as well. They are harmless for skin and don’t lead to any type of skin issue.

Useful for Different Occasions
Cotton sarees are suitable as casual wear as well as to dress up for festive occasions. In fact, wearing saree on the Indian festivals like Diwali and Dussehra has been a tradition since ages. The foreign women visiting India on various occasions prefer to wear sarees made up of cotton.

A cotton saree is a great option as formal wear too. Women working at places like schools, colleges, hospitality industry, aviation industry and different types of offices wear sarees made from different cotton varieties.

An Indian wedding is incomplete without colorful and elegant sarees. Bridal sarees made up of cotton help the bride to dress up in the most charming way on the biggest occasion of her life. Besides, the women attending the wedding are also seen wearing charming sarees.

Elegance and Femininity
Cotton sarees make women look elegant. Sarees help women to display their femininity in an impressive manner. The colors and patterns these sarees exhibit are enough to make every woman look stunning.

Cotton Sarees for All
Cotton sarees are meant for women from all age groups and with different heights. It is believed that sarees made from other fabrics are not suitable for all types of feminine figures. But those made from cotton suit tall and short women. Also, they are great options for slim women as well as for those having curvy figure.

Unlimited Variety
Cotton saree suppliers from all over India are known to make different types of cotton sarees available for women. Here are some of the most popular sarees made from cotton:

• Gadwal: Made in Western India, these sarees are known for their Zari work and bright shades.
• Jamdani: Crafted in Uttar Pradesh and India’s neighboring country of Bangladesh, these sarees are known for their flower patterns and are expensive.
• Sambalpuri: These are hand woven in Sambalpur in Orissa and are known for their geometric motifs. These sarees are expensive too.
• Kota Doria: These cotton sarees are designed in the Rajasthan state of India. They are lightweight and have transparent borders and are expensive too.

Some of the other popular cotton saree varieties are Venkatgiri Sarees, Chanderi Sarees and Maheshwari Sarees.

All the above-mentioned reasons make cotton sarees a wonderful option for women in Indian subcontinent and also for those from other countries. To purchase a cotton saree, the best place is to search in online business directory where cotton sarees wholesalers and suppliers can be easily found.

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