2. “There is a myth that small firms create the most jobs in an economy. The fact is that small firms that grow big create the jobs". In context of the Indian economy what are the factors that prevent firms that start small from growing bigger. What progress has India made in this respect and what other measures are required?

Approach:

♤ The answer is centered on the employment potential of small firms and the problems faced by them. Therefore, the answer should start with elaboration of the given statement.

♤ The next part should discuss some problems being faced by those firms.

♤ Finally, the answer should discuss some measures taken by the government to improve the situation.