An Overview of Micro, Small, and Medium Enterprises in India: Challenges and Opportunities

Author(s)	KM Sristi kesari
Country	India
Abstract	Micro, Small, and Medium-Sized Enterprises (MSMEs) are crucial to the nation's economy, industries, and living standards of society. They serve as new entrepreneurship and innovation in modern times. They also contribute significantly to economic growth by being successful, efficient, flexible, and innovative entrepreneurs. Even with new governmental initiatives for the MSMEs sector in India, as well as a defined development strategy and action, after many initiatives, MSMEs continue to face many obstacles, some are financial or non-financial. Recent data reveal the production, quality, price, exports, and employment opportunities of MSMs' goods, as well as their contribution to the Country’s economy. This paper aims to describe the situation, emerging opportunities, and growth of MSMEs in India. In addition to evaluating the MSMEs sector's importance in the context of globalisation, the paper looks at how well equipped this sector is to handle the problems brought on by increased competition and new initiatives.
Keywords	MSMEs, Indian Economy, challenges and opportunities, Importance, Growth, Employment Generation
Field	Business Administration
Published In	Volume 8, Issue 2, March-April 2026
Published On	2026-03-09

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