Challenges and Opportunities in Micro, Small and Medium Enterprises in India

Abstract

Micro, Small and Medium Enterprises play a pivotal role in the economic and social development of the country. It also plays a key role in the development of the economy with its effective, efficient, flexible and innovative entrepreneurial spirit. MSMEs contribute 45% in the industrial output, 40% of exports, employing 60 million people; create 1.3 million jobs every year. It produces more than 8,000 quality products for the Indian and international markets. Its contribution towards GDP in 2011 was 17% which increased to 22% in 2012. This paper analyses the various challenges and opportunities associated with MSMEs in India.

Authors and Affiliations

Abhinav Sharma, Dr. D. C. Gupta

Keywords

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  • EP ID EP20100
  • DOI -
  • Views 267
  • Downloads 5

How To Cite

Abhinav Sharma, Dr. D. C. Gupta (2015). Challenges and Opportunities in Micro, Small and Medium Enterprises in India. International Journal for Research in Applied Science and Engineering Technology (IJRASET), 3(4), -. https://europub.co.uk/articles/-A-20100