Showing posts with label demonetisation. Show all posts
Showing posts with label demonetisation. Show all posts

28 September 2017

Why small businessmen in Gujarat are quitting industry

Two major trends are playing out in Gujarat’s economy.
On one hand, small industrial units are shutting down. This is not a recent development. Micro, small and medium units in the state started getting into trouble about five years ago, well before the central government demonetised high-value currency notes in November and introduced the Goods and Services Tax in July. As Scroll.in reported from Surat, several factors were at work – rising imports from China, the entry of bigger players with greater economies of scale, and government policies such as import duties that favoured bigger companies over smaller ones.
For Full Article :  SCROLL

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