The contribution of India’s small-scale sector to the gross turnover in the manufacturing sector since 1992 has been of the order of
- A40%
- B34%Correct
- C30%
- D45%
Explanation
The correct answer is B because during the post liberalization period starting in 1992, the Small Scale Industries sector in India consistently accounted for approximately 34 percent to 35 percent of the total gross turnover in the manufacturing sector. Official data from the Ministry of MSME and economic surveys from the 1990s and early 2000s highlighted this stable contribution, which underscored the importance of small enterprises in providing employment and driving industrial production alongside larger industries. While the sector contributed nearly 40 percent to total exports, its specific share in manufacturing output remained around the 34 percent mark.
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