Status of MSMES in India: A Detailed Study

Authors

  • Rashmi Khanna   School of Management, GD Goenka University, Gurgaon
  • Satyendra P. Singh   Amity School of Business, Amity University, Noida

Keywords:

Micro, Small and Medium Enterprises (MSMEs), Small Scale Industries (SSIs), NSIC, SIDBI, MSME Act 2006

Abstract

Micro, Small and Medium Enterprises popularly known as MSMEs, are the roots of growth of industrialization in a country. MSMEs, post-independence, have emerged as dynamic and vibrant sector of Indian economy. MSMEs play a significant role in elimination of economic backwardness of rural and underdeveloped regions of the country, assist big industries in their growth, and help in making the best use of various resources of the country. MSMEs are major source of employment in many areas of the country and are contributing immensely in the prosperity of the area thus leading to reduction of disparities in income, wealth and consumption. MSMEs sector has a major role in Indian economy as it has around 45% share in national industrial output, around 70% in industrial employment and approximately 40% in exports.

This paper is an attempt to study the current status of micro, small and medium enterprises in the country. Performance of MSMEs after liberalisation and their future prospects have been studied in detail. Researchers have also tried to find out major problems and challenges being faced by MSMEs in India. Important policy initiatives taken by government and various schemes started for the growth of MSMEs in India have also been discussed in the paper.

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How to Cite

Khanna, R., & Singh, S. P. (2019). Status of MSMES in India: A Detailed Study. Journal of Applied Management- Jidnyasa, 10(2), 1–14. Retrieved from https://simsjam.net/index.php/Jidnyasa/article/view/141081

Issue

Volume 10, Issue 2, July-December 2018

Section

Articles

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