Journal of Rural and Industrial Development

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Growth & Performance of MSMES in India:Prospects and Problem


Affiliations
1 Department of Commerce, Central University of Haryana, Mahendergarh, Haryana, India
     

   Subscribe/Renew Journal


The Micro, Small and Medium Enterprises (MSMES) have always been considered as growth engine of the Indian economy. MSMES are well known for its lower investment and technology requirement. After agriculture, this sector holds second position in generating employment opportunities in Indian economy. MSMES also enhance industrialisation in rural and backward area thereby reduce regional imbalances and assure equitable distribution of national income and wealth. Despite its contribution and significance in the Indian Economy, the MSME sector has been facing various hurdles since long. After the liberalisation and globalisation in India since 1991, this sector is facing keen competition from domestic organisationsas well as from the MNCS because of the improved technology in the market. This present paper deals with growth and development of MSMES in India and also highlight the problem and prospects of MSMES in India.

Keywords

MSME, MNC, Liberalisation, Globalisation, Employment.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Annual Report. (2006-07). Govt. of India, Ministry of Micro, Small and Medium Enterprises.

  • Annual Report. (2010-11). Govt. of India, Ministry of Micro, Small and Medium Enterprises.

  • Annual Report. (2013-14). Govt. of India, Ministry of Micro, Small and Medium Enterprises.

  • Bala Subrahmanya, M. H. (2004). Small industry and globalization: Implications, performance and prospects. Economic and Political Weekly, 39(18), 1826-1834.

  • Garg, I., & Walia, S. (2012). Micro, small & medium enterprises in post reform India: Status & performance. International Journal of Latest Trends in Engineering and Technology, 1(3), 134-141.

  • MSME Development Act. (2006). Ministry of the District Industry Centers (DIC) MSME, Govt of India

  • Paramasivan, C., & Mari Selvam, P. (2013). Progress and performance of micro, small and medium enterprises in India. International Journal of Management and Development Studies, 2(4), 11-16.

  • RBI, Hand Book of Statistics on Indian Economy.

  • Sharma, R. (2012). Problem and prospects of small scale industrial units (A case study of exporting and non exporting units in Haryana). Asia Pacifi c Journal of Marketing & Management Review, 1(2), 191-210.

  • Shastri, R. K., Tripathi, R., & Ali, M. (2011). Liberlization and its impact on small scale industries. International Journal of Vocational and Technical Education, 2(7), 81-83.

  • Sonia, & Kansai, R. (2009). Globalisation and its impact on Small Scale Industries India. PCMA Journal of Business, 1(2), 135-146.

  • Tripathi B. B. (2006). Bhartiya Arthavyavastha, KitabMahal Allahabad.

  • Vasu, M. S., & Jayachandra, K. (2014). Growth and development of MSMES in India: Prospects and problem. Indian Journal of Applied Research, 4(5), 125-127.


Abstract Views: 261

PDF Views: 0




  • Growth & Performance of MSMES in India:Prospects and Problem

Abstract Views: 261  |  PDF Views: 0

Authors

Suman Dahiya
Department of Commerce, Central University of Haryana, Mahendergarh, Haryana, India

Abstract


The Micro, Small and Medium Enterprises (MSMES) have always been considered as growth engine of the Indian economy. MSMES are well known for its lower investment and technology requirement. After agriculture, this sector holds second position in generating employment opportunities in Indian economy. MSMES also enhance industrialisation in rural and backward area thereby reduce regional imbalances and assure equitable distribution of national income and wealth. Despite its contribution and significance in the Indian Economy, the MSME sector has been facing various hurdles since long. After the liberalisation and globalisation in India since 1991, this sector is facing keen competition from domestic organisationsas well as from the MNCS because of the improved technology in the market. This present paper deals with growth and development of MSMES in India and also highlight the problem and prospects of MSMES in India.

Keywords


MSME, MNC, Liberalisation, Globalisation, Employment.

References