CHALLENGES AND OBSTACLES FACED BY MICRO, SMALL AND MEDIUM SIZED ENTREPRISES (MSMEs) IN INDIA
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 4
Abstract
The purpose of this paper is to study various challenges faced by Micro, Small and Medium sized enterprises (MSMEs) in India. As far as Indian economy is concern, the MSME sector plays a very significant role in employment generation and in industrial production. Indian MSMEs contributes around 8% in the GDP and provide employment to approximately 595 lakhs people. Still MSMEs have to follow a long path, which is not free from challenges. Role of MSMEs become very crucial in the light fact that in India public and private firms are not able to provide employment as per the required rate. Thus, the there is strong need to restructure and strengthen MSMEs sector and government should put more effort in this direction.
Authors and Affiliations
Seemant Yadav, Prof. Vikas Tripathi
Keywords
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