Let us tell you activity wise what do small businesses serve at all?

Small Businesses are spread throughout the country and are economically significant in every region, although the balance of large and small businesses varies from region to region. These kinds of business form a very significant component of the Indian economy, in terms of employment to the Exchequer, and the role they play in the social and enterprise infrastructure.

But the question is what kind of services exactly they perform to carry out the economy of the countries like India?

·         Trading and repair services:  This is one of the predominant service activities in the country and consists of 13.95 Million enterprises, constituting over 61 per cent of the total service enterprises.

·         Hotels and restaurants: There are about 1.43 Million enterprises engaged in this activity.

·         Transport, storage and communication: There are about 3.18 Million enterprises engaged in this activity.

·         Financial intermediation: Around 0.14 Million enterprises fall under this activity.

·         Real estate, renting and business activities: 0.61 Million enterprises are engaged in this activities and a significant proportion fall under the category of micro, small and medium enterprises.

·         Education: Education services include 0.46 Million institutions who are engaged in research and development, teaching and training service.  

·         Health and social work: There are about 0.64 million entrepreneurs engaged in this activity.

·         Other Community, social and personal service: There are about 2.32 million enterprises engaged in this activity.