ECONOMIC REFORMS AND MICRO, SMALL AND MEDIUM ENTERPRISES
DOI:
https://doi.org/10.29121/granthaalayah.v5.i5.2017.1875Keywords:
Micro, Small & Medium Enterprises, MSMEs, Economic Development, Indian EconomyAbstract [English]
Micro, Small & Medium enterprises (MSMEs) have played a crucial role in the overall economic development of every developing economy in the world. In India, MSMEs have helped in creating a favourable environment of growth by serving as ancillary units to large scale industries. They not only create huge employment opportunities for the public but also address other challenges faced by the economy like poverty and removing regional imbalances. Keeping in view the crucial role of MSMEs in our economy, the present paper is an attempt to analyze the definition of MSMEs, the role and performance of MSMEs in Indian economy and government policies towards MSMEs as well as the various challenges and opportunities associated with MSMEs in India. The study reveals that over a period of time notable growth has been shown by the MSME sector which has been a leading contributor to export, employment and Gross domestic product in India. Therefore, some sincere action plan and their proper implementation is must for the encouragement of the MSMEs in the Indian economy.
Downloads
References
Annual Report (2010-11), Ministry of Micro, Small and Medium Enterprises, Government of India, 2010-11.
Bala Subrahmanya, M. H. (2004), ‘Small Industry and Globalization: Implications, Performance and Prospects’, Economic and Political Weekly, Volume XXXIX, No.18, pp 1826-1834.
Bargal, H., Dashmishra, M., and Sharma, A. (2009), ‘Performance Analysis of Small Scale Industries - A Study of Pre-liberalization and Post-liberalization period’, International Journal of Business and Management, Vol 1, No 2.
Dixit, A. and Pandey, A.K. (2011), ‘SMEs and Economic Growth in India: Cointegration Analysis’, The IUP Journal of Financial Economics, Vol. IX, No. 2, PP. 41-59
Jagtap, K.N. (2011), ‘Impact of Globalisation on Small Scale Industrial Units’, Indian Streams Reserach Journal, Vol.1, Issue.XI/Dec; 11, PP.1-4.
Kulkarni, Y.M. (2011), ‘Role of SSI in Employment Generation’, Southern Economists, August 15, 2011.
Kumar, N.K. and Sardar, G. (2011), ‘Competitive Performance of Micro, Small and Medium Enterprises in India’, Asia Pacific Journal of Social Sciences, Vol. III(I), Jan-June, 2011, PP: 128-46.
Mali, D.D. (1998), ‘Development of Micro, Small and Medium Enterprises of India: Current Scenario and Challenges’, SEDME (Small Enterprises Development, Management and Extension) Journal, Vol.25, No.4. DOI: https://doi.org/10.1177/0970846419980408
Prakash, J. and Gupta, S.K. (2011), ‘Dismal Performance of MSME: Remedial Measures’, Southern Economists, May 01, 2011.
Raghurama, A. (2004), ‘Small Scale Industries in Kerala-Competitiveness and Challenges Under Globalization’, SEDME, Vol. 31, No. 2, June 2004, PP.7- 17.
Singh, R., Verma, O.P., and Anjum, B. (2012), ‘Small Scale Industry: An Engine of Growth’, Zenith International Journal of Business Economics & Management Research, Vol.2 Issue 5. Online available at http://www.zenithresearch.org.in
Sudan, F. K. (2005), ‘Challenges in Micro and Small Scale Enterprises Development: Some Policy Issues’, Synergy: I. T. S. Journal of IT and Management, Vol. 3, No. 2, July 2005, PP: 67-81.
Lama(2012 and 2013),’ Micro, Small and Medium Enterprises (MSMEs) In India-Problems and Prospects’
Singh, R., Verma, O.P. and Anjum, B. (2012). "Small Scale Industry: An Engine of Growth", Zenith International Journal of Business Economics & Management Research, 2(5)
Biswas Abhijeet ((2015), “MSME Sector: A major contributor to industrialization in India”
Srinivas, K.T. (2013). "Role or Micro, Small and Medium Enterprises in Inclusive Growth", International Journal of Engineering and Management Research, 3(4), August
"SMEs in India: Importance and Conlribulion", Asian Journal of Management Research, 2(2)
Topandasani, R.S. (2011), ‘Performance of Small Scale Industries in India’, Southern Economists, July 15, 2011.
RBI (2009-10), Hand Book of Statistics on Indian Economy, 2009-10. International Journal of Latest Trends in Engineering and Technology (IJLTET) Vol. 1 Issue 3 September 2012 140 ISSN: 2278-621X
UNIDO (1969), ‘Small Scale Industry in Latin America’, Publication no. 11B.p.37.
Venkatesh, S. and Muthiah, K. (2012), ‘SMEs in India: Importance and Contribution’, Asian Journal of Management Research, Vol. 2, No. 2.
http://pib.nic.in/newsite/PrintRelease.aspx?relid=103559
http://www.dcmsme.gov.in/SAMACHAR/MSME%20December%202016.pdf
http://www.indianweb2.com/2016/12/28/top-7-things-ministry-msme-done-2016-help-startups-msmes-india/
http://serialsjournals.com/serialjournalmanager/pdf/1330076756.pdf
http://msme.gov.in/sites/default/files/MSME_2014_0.pdf
http://dcmsme.gov.in/Annual-Report-2010-11.pdf
https://rbidocs.rbi.org.in/rdocs/Publications/PDFs/TABLE14F93E38DA5134E039BC26AD9E78ECABD.PDF
Downloads
Published
How to Cite
Issue
Section
License
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.