Liberalization Impact on Indian Small Industries: An Empirical Study of Punjab

The aim of the paper is to study the impact of liberalization on the Indian Small-Scale Industry in the leading industrial state of Punjab. After liberalization SSI is facing lot of challenges in various areas such as marketing issues , more competition, customer management and retention and shift in labour and capital. The factors which can boost the small business have also been highlighted in the paper. A number of statements indicating the impact of liberalization on SSI have been developed and the respondents were asked to express their level of agreement/disagreement with these statements on five-point Likert scale. Kruskal-Wallis test has been applied to know the significant differences among the respondents relating to different industries, age and turnover groups with respect to these statements. The test has been applied at assumed p-value =0.05. The statements with less than 0.05 p-value are considered significant and those with p-value more than the assumed value are considered to be insignificant.