MSMEs: Changing Perspectives For Indian Economy

Author(s)	Dr. MANJUSMITA DASH
Country	India
Abstract	MSMEs promote inclusiveness in the country by facilitating the entry of aspiring entrepreneurs in various sectors. They promote healthy competitiveness among entrepreneurs, which fuels industrial growth. The micro small and medium enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. The labour intensity of the MSME sector is much higher than that of the large enterprises. The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. This paper enlightens the growth of MSMES and outlining the opportunities available for the MSMES in India.
Keywords	Micro, small & medium enterprises (MSME), Economic Growth, Employment Generation, Skill India.
Field	Business Administration
Published In	Volume 7, Issue 3, May-June 2025
Published On	2025-06-30

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