Micro, Small and Medium Enterprises in India: problems and Challenges
International Research Journal on Advanced Science Hub,
2020, Volume 2, Issue Special Issue ICIES 9S, Pages 85-89
10.47392/irjash.2020.165
Abstract
Micro, tiny associate degree Medium Enterprises represent the backbone of the associate degree economy in maintaining a considerable rate and in generating employment opportunities. This sector has been thought to be an engine of economic process and social development in several developed and developing countries Contribution of MSMEs to the Indian economy in terms of employment generation, containing regional disparities, fostering an evenhanded economic process and enhancing the export potential of the country has been quite extraordinary. Despite some infrastructural deficiencies and challenges like the flow of institutional credit and inadequate market linkages, this sector has registered exceptional success with respect to the increase in variety, quantum of investment, scale of production and overall contribution to national gross domestic product. The study makes an effort to specialize in the massive growth potential and opportunities offered in the Republic of India for the development of the MSME sector, to spot vital problems and challenges and provide suggestions to deal with similar.
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