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Conceptualisation of Small Business in India: An Analytical Study

Small business development as an issue has become increasingly important in recent years in both developed and developing countries (Roy and Hutchinson 1983). Although, it will be impossible to give a one to one clear answer to the question "what makes small business so important", it is quite well known that the term small business is almost equated with poverty alleviation and new job creation through enterprises and entrepreneurship. According to the survey of the World Bank in March 1988 giving encouragement to the growth of small enterprises was the best way to benefit the masses of non-agricultural job seekers in the developing countries.