Rajalakshmi, G.R (2016) Role of MSME’s in economic growth of India. International Journal of Commerce and Management Research, 2 (12). pp. 171-175. ISSN 2455-1627

[thumbnail of role of msmes in economic growth - International journal of commerce and management research.pdf] Text
role of msmes in economic growth - International journal of commerce and management research.pdf - Published Version
Download (174kB)

Abstract

Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and the dynamic sector of the Indian economy over the last six decades. MSMEs not only play a crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural and backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. As per the quick estimates of fourth All-India Census of MSMEs, the number of enterprises is estimated to be about 26 million and these provide employment to
an estimated 60 million persons. Of the 26 million MSMEs, only 1.5 million are in the registered segment while the remaining 24.5 million (94%) are in the unregistered segment. The Indian economy is expected to grow by over 8 per cent per annum until 2020 and can become the second largest in the world, ahead of the United States, by 2050, and the third largest after China and the United States by 2032. In this context it is very important to examine the role of MSMEs for economic growth of India.

Item Type: Article
Uncontrolled Keywords: Micro, Small and Medium Enterprises, Economic Growth & India
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Mr Team Mosys
Date Deposited: 21 Feb 2022 04:08
Last Modified: 21 Feb 2022 04:08
URI: http://ir.psgcas.ac.in/id/eprint/470

Actions (login required)

View Item
View Item
Altmetric