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Journal articles on the topic 'Indian MSMEs'
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1
Kaur, Gurneet. "ECONOMIC REFORMS AND MICRO, SMALL AND MEDIUM ENTERPRISES." International Journal of Research -GRANTHAALAYAH 5, no. 5 (May 31, 2017): 394–404. http://dx.doi.org/10.29121/granthaalayah.v5.i5.2017.1875.
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Micro, Small & Medium enterprises (MSMEs) have played a crucial role in the overall economic development of every developing economy in the world. In India, MSMEs have helped in creating a favourable environment of growth by serving as ancillary units to large scale industries. They not only create huge employment opportunities for the public but also address other challenges faced by the economy like poverty and removing regional imbalances. Keeping in view the crucial role of MSMEs in our economy, the present paper is an attempt to analyze the definition of MSMEs, the role and performance of MSMEs in Indian economy and government policies towards MSMEs as well as the various challenges and opportunities associated with MSMEs in India. The study reveals that over a period of time notable growth has been shown by the MSME sector which has been a leading contributor to export, employment and Gross domestic product in India. Therefore, some sincere action plan and their proper implementation is must for the encouragement of the MSMEs in the Indian economy.
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Veena. "An Analysis of Growth of MSMEs in India." SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies 47, no. 2 (June 2020): 138–45. http://dx.doi.org/10.1177/09708464211036216.
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Growth of every economy in the world depends on the performance of the industrial sector. Micro, small and medium Enterprises (MSMEs) play a significant role in the growth of each economy. There is a huge unorganised sector of MSMEs in India, which comes from those industries that are not registered under the MSME platform. Data related to MSMEs are required to check the growth and analyse the performance of MSMEs and collect the data related to growth, while it is necessary that all the MSMEs must be registered on a common platform. Thus, the Indian government forces industries to register on the MSME portal to get the benefit of government schemes. The study on the growth and future prospectus of MSME units registered under Entrepreneurs Memorandum (EM-II) and Udyog Aadhar Memorandum (UAM) is hardly available. Therefore, this research exclusively emphasises on the growth and future prospects of registered units of MSMEs in India. Data involving registered units of MSMEs are analysed for the period from 2007–2008 to 2020–2021. Data are obtained from MSME online portal and annual reports of this sector. Future projection of registered units of MSMEs is figured out by applying projected technique.
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Ramya, Gopisetti, and Rajesh C. Jampala. "A Short Note on Strategies made by the Government of India for the Endurance of MSMEs Post Pandemic - Covid 19." Shanlax International Journal of Management 9, S1-Mar (March 19, 2022): 139–42. http://dx.doi.org/10.34293/management.v9is1-mar.4903.
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In Indian economy, the micro,small,medium enterprises MSMEs plays a crucial part in many structures. The commitment of the area represents 29% of Indian GDP, and utilizes more than 11 crore individuals in its 6.3 crore endeavors. Nonetheless, the COVID-19 pandemic significantly affects msmes in India, this area had nearly crash-arrived in 2020, confronting a solid withdrawal in income . The area had experienced the most in guaranteeing business coherence, tested by serious liquidity reserves and diminished request.During the emergency, it’s the public authority’s liability regarding the focused on area to give means to endure what is going on and again to raise MSMEs area and furthermore the Indian GDP. Here we will take a gander at the few drives taken by the public authority of india to work on the msme area from the ruin happened because of pandemic Coronavirus.
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Shifa Fathima, J. "A Study on Competitive Performance and Progress of Micro, Small and Medium Enterprises (MSMEs) in India." Shanlax International Journal of Management 7, no. 4 (April 1, 2020): 52–61. http://dx.doi.org/10.34293/management.v7i4.2161.
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The MSMEs have established an important fragment of the Indian economy as far as its contribution to the nation’s industrial production, exports, employment and creation of a consumerist base. The government built up the service of Small Scale Industries and Agro and Rural Industries (SSI & ART) in October 1999 as the nodal service for the formulation of arrangements and programs, their accomplishment and related coordination, to supplement the endeavors of the states for promotion and development of this class of industries in India. MSME has been acknowledged as the Indian motor of economic development and for promoting evenhanded development. The Micro, Small and Medium Enterprises (MSMEs) are apropos viewed as the foundation of the Indian economy. The little scale part possesses a position of prominence in the Indian economy, adding to over half of the industrial production esteem accumulation terms. The segment represents 33% of the export income and employs the biggest workforce besides agribusiness. MSMEs are recognized as one important constituent of the national economies. The MSMEs ought to be urged to make an economic contribution to the national pay, employment and exports. SMEs territory major employment provider and contributor to GDP, they are troubled with the duty of employing while simultaneously encountering moderate moving development given partitioning horticulture segment and globalization. The MSME comprise over 90% of all out enterprises in the greater part of the economics and are credited with creating the most elevated paces of employment development and record for a significant offer industrial production and exports. In India, the MSMEs assume an indispensable job in the general industrial economy of the nation. It is evaluated that as far as worth, the area represents about 39% of the manufacturing yield and around 33% of the all-out exports of the nation. Further, in recent years the MSME Sector has consistently enrolled higher development pace of contrasted with the general industrial part. Hence, the present study has been focused on highlighting the statistical overview of the competitive performance and progress of Micro, Small and Medium Enterprises (MSMEs) in India.
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Rudresh, Mr. "Functions, Role, Development, and Sustainability of MSMEs in the Context of Entrepreneurial Development." International Journal of Research Publication and Reviews 03, no. 12 (2022): 485–93. http://dx.doi.org/10.55248/gengpi.2022.31207.
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Micro, small, and medium-sized businesses (MSME's) have unquestionably become a significant and dynamic sector of the Indian economy. In addition, this industry is extremely crucial to India's economic growth because it employs more people than the agriculture industry. The industry also generates one-third of all export earnings, accounts for around 8% of GDP, and aids in a number of other goals, like promoting exports, increasing employment output, encouraging entrepreneurship chances, etc. The main benefit and function of this sector is the possibility of low-cost employment. MSME's sector does, however, face a number of difficulties, such as high raw material costs, collateral requirements, rising fuel prices, competition from both domestic and foreign markets, a lack of credit facilities from financial institutions, etc. Every day, 79 MSMEs fall ill due to financial issues; although the government has taken numerous measures to help this sector, the issue still exists. Without unemployment growth and environmental concerns, India may not be able to fulfill its sustainable development target. MSMEs are a crucial component of maintaining sustainable development since they increase economic growth, create jobs, combat poverty, and lessen inequality. Sustainable development is possible through inclusive growth that upholds prosperity and human dignity. The study's goal is to evaluate MSMEs' performance and their contribution to India's continued sustainable growth. The survey also emphasizes MSMEs' usage of sustainable practices. The current article looks into MSME performance metrics, their potential economic impact, and other initiatives different parties have done to support MSME development in India
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Gupta, U., B. Agarwal, and N. Nautiyal. "Financial Technology Adoption – A Case of Indian MSMEs." Finance: Theory and Practice 26, no. 6 (December 31, 2022): 192–211. http://dx.doi.org/10.26794/2587-5671-2022-26-6-192-211.
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Micro, small, and medium enterprises (MSME) are the backbone of every economy. Financial inclusion of MSMEs is essential for any country aspiring to economic development. Innovative solutions offered by fintech companies can support the financial inclusion of MSMEs. Digital payments, alternative loans, insurance, investments, regulatory, and robo-advisory services are just a few of the services that fintech companies provide to MSMEs. The purpose of this studyis to examine the role of financial technology on registered micro, small, and medium enterprises in India. The objective of the study is to reveal the behaviour of MSMEs towards financial technology acceptance and show how various demographic variables of owners/managers influence the acceptance of financial technology in the case of MSMEs. The methodological basis of the study is a management survey of 117 MSMEs in India. The questionnaire had 25 questions; measurement items used in the questionnaire were derived from previous studies carried out in developing countries. The results were processed and tested for significance using modern econometric methods such as the Kruskal-Wallis H test, and the Mann-Whitney U test. The result of the study indicates that the financial technology acceptance rate among the MSME sector is high as maximum MSMEs consider themselves moderate financial technology adopters. MSMEs have a high understanding of different financial services provided by fintech companies. Prior Experience of the owner/manager, brand familiarity, government support, and behavioural variables such as perceived ease of use, perceived usefulness, trust, and satisfaction was proved to be effective while adopting financial technology services whereas, demographic variables such as gender, age, education level of owner/manager was found to be ineffective. The study concludes that fintech companies are providing quality services by acting as a single window, supporting the financial needs of MSMEs at low interest rates, simplified processes and lower transaction costs. MSMEs are using fintech products and services as a key part of their financial management, with increasing adoption there is a growing opportunity for fintech companies, incumbents, and non-financial organisations. The result of the study contributes to the novel understanding of the acceptance and preference of the MSME sector towards financial technology.
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Rameshbhai, Ajmera Tushar, and Ashvinkumar Solanki. "PASTEL Analysis of Micro, Small and Medium Enterprises After Covid-19 in India." Journal of Social Commerce 1, no. 1 (January 26, 2022): 8–12. http://dx.doi.org/10.56209/jommerce.v1i1.1.
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Micro, Small and Medium Enterprises are major sector in Indian economy in relation with GDP (Gross Domestic Product), Export and Employment generation for the country. According to Ministry of Statistic and Programme Implementation (MOSPI), the share of MSME for Gross Value Added (GVA) in total GVA during the year 2016-17 was 31.8% which is considered as significant contribution to economy. As per Directorate General of Commercial Intelligence and Statistics (DGCIS) the portion of MSME related products in total export from India during 2018-19 was 48.10% with this it is indicated most important sector for economy but after declaration of lockdown due to Covid-19 that lead to major impact on MSME sector. In this study researcher try to identify the PESTEL Environment after Covid-19 and ATMA-NIRBHAR BHARAT Abhiyan initiated by Indian Government on 12th May 2020. The major finding of the study indicated major decision are taken by government of India and Atma-Nirbhar Bharta Abhiyan give boost to MSMEs in future and widely increases number of MSMEs . In India movement also started Vocal for Local that lead to strengthen MSMEs in future.
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Rameshbhai, Ajmera Tushar, and Ashvinkumar Solanki. "PASTEL Analysis of Micro, Small and Medium Enterprises After Covid-19 in India." Journal of Social Commerce 1, no. 1 (January 26, 2022): 8–12. http://dx.doi.org/10.56209/jsc.v1i1.1.
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Micro, Small and Medium Enterprises are major sector in Indian economy in relation with GDP (Gross Domestic Product), Export and Employment generation for the country. According to Ministry of Statistic and Programme Implementation (MOSPI), the share of MSME for Gross Value Added (GVA) in total GVA during the year 2016-17 was 31.8% which is considered as significant contribution to economy. As per Directorate General of Commercial Intelligence and Statistics (DGCIS) the portion of MSME related products in total export from India during 2018-19 was 48.10% with this it is indicated most important sector for economy but after declaration of lockdown due to Covid-19 that lead to major impact on MSME sector. In this study researcher try to identify the PESTEL Environment after Covid-19 and ATMA-NIRBHAR BHARAT Abhiyan initiated by Indian Government on 12th May 2020. The major finding of the study indicated major decision are taken by government of India and Atma-Nirbhar Bharta Abhiyan give boost to MSMEs in future and widely increases number of MSMEs . In India movement also started Vocal for Local that lead to strengthen MSMEs in future.
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Chakravarthy, Sumathi, Sindhu Bharathi, Divyayudha Khire, and Badri Narayanan Gopalakrishnan. "Analyzing the potential market for MSMEs in India." SocioEconomic Challenges 7, no. 1 (2023): 97–114. http://dx.doi.org/10.21272/sec.7(1).97-114.2023.
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This paper summarizes the arguments and counterarguments within the scientific discussion on identifying the potential markets for Micro Small and Medium Enterprises (MSMEs). The main purpose of the research is to present the commodities and potential destinations that Indian MSMEs can tap on to broaden their business and eventually to the overall growth of the country. Systematization of the literary sources as a part of the study indicates that MSMEs have made a significant contribution to the country’s GDP and trade. A survey of the approaches for solving the objective of the research reveals that trade indices and CGE models are the most appropriate when it comes to trade policy analysis. The relevance of this scientific problem decision is that Indian MSME’s contribute to more than 30% of India’s GDP and enhancing MSME exports would help the country achieve an inclusive, socio-economic growth. Investigation of the topic in the paper is carried out in the following logical sequence: We first analyze the commodities that have a potential for growth and then move ahead to analyze the promising markets. To perform quantitative analysis, we use trade indices and estimations from Computable General Equilibrium -GTAP (Global Trade Analysis Project) model. To analyze potential commodities, we use Product Space Analysis with three indicators, namely, the Revealed Comparative Advantage (RCA), Revealed Trade Advantage (RTA), and Market Demand Index. To analyze the potential markets, we use the Export potential indicator and GTAP estimates for the years 2022-27. The object of the research is to empower MSMEs in India with insights and data about the potential markets and commodities for export from India. The paper shows that MSMEs have a higher potential for exports in textiles and clothing, food products, vegetables, and other agricultural products, and machinery and electrical equipment sectors. In terms of markets, our analysis reveals that MSMEs have a broad scope in the UAE, China, Bangladesh, and the USA.
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Khan, Mohammed Abdul Imran, and Mohammed Ahmar Uddin. "Does managerial propensity towards digitalization enhances firm performance? A case study of Indian MSMEs." International Journal of Applied Economics, Finance and Accounting 17, no. 1 (August 11, 2023): 168–75. http://dx.doi.org/10.33094/ijaefa.v17i1.1093.
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The objective of this study is to investigate how digital capabilities impact the performance of Indian MSMEs in the current "new normal" context, with a specific focus on the firm-level perspective. The study aims to explore the relationship between digitalization and firm performance while identifying the key elements that contribute to the effective implementation of digitalization in the MSME sector. A seven-point Likert scale questionnaire was provided to top and middle managers working in Indian MSMEs in order to collect data. The collected data, comprised of 250 usable questionnaires, was analyzed using the partial least squares structural equation modeling (PLS-SEM) technique. The analysis of the data reveals a positive correlation between digitalization, managerial proficiency, and the performance of MSMEs. Additionally, it demonstrates that digitalization moderates the relationship between technological preparedness, implementation charges, and MSMEs' performance. However, the performance of the Manufacturing segment within MSMEs and digitalization are not significantly impacted by managerial tendency, according to the study. This study is the first of its kind to examine managerial propensity as a moderator of digitalization and MSMEs' performance. The findings highlight the importance of digital skills for MSMEs and offer insightful information about the obstacles to their successful digital transformation. It highlights the importance for MSME managers, owners, policymakers, and practitioners to understand these barriers and effectively overcome them. The findings of this study hold practical implications for MSME managers and owners, policymakers, and practitioners. They provide valuable guidance in comprehending the obstacles that MSMEs encounter in achieving successful digital transformation. By addressing these barriers, stakeholders can offer support to MSMEs in leveraging digital capabilities to enhance their performance and competitiveness within the current "new normal" context.
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Tripathy, Ishita G., and Pawan Kumar. "Challenges of Indian MSME Exporters: A Review." SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies 46, no. 3 (September 2019): 189–95. http://dx.doi.org/10.1177/0970846419871113.
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The micro, small and medium enterprise (MSME) sector is considered as an engine of economic growth for India. This study aims to make an in-depth review of a few tariff and non-tariff barriers in the destination market to understand factors leading to access of these markets. The study underscores the importance for MSMEs to have access to comprehensive and updated information about their destination markets abroad. This article recommends government support for MSMEs to ensure effective access to destination markets.
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Siddiqua, Ayesha, and Swathi J. "A Study On Impact Of Covid -19 On MSMEs In India." International Review of Business and Economics 4, no. 2 (2020): 155–58. http://dx.doi.org/10.56902/irbe.2020.4.2.53.
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Small Industries are more vulnerable ones as it dealt a body blow because of Covid-19 and the resultant lockdown. It is difficult for them to survive without assistance. This is because, they are unable to cope up with the difficulties that are forced on them as their survival is difficult even in normal times but now they are dealing with something so unexpected. The significance of MSMEs sector in boosting Indian economy cannot be ignored. Unless we strengthen the MSME sector, it is very little that the economy will have to look forward to. They are reaching out to the government asking the rescue. The lockdown due to COVID-19 has brought MSME sector to its knees by halting the business which dried up the revenue. COVID-19 is of the giant disasters in the history which is devastatingly impacting on the global economy. It has taken the whole world into its grip, resulting tough times to global economy and people’s life. As India is a developing country, the lockdown majorly affected the manufacturing activities and the supply chain, because of the shutdown of airports and seaports and restrictions on imports and exports. This paper aims at studying the Impact of COVID-19 on Indian economy, especially on Indian MSMEs which are the life blood of Indian Economy and revival strategies for the impacted MSMEs.
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Kakkar, Manisha, and Amit Kumar. "MSMEs – a mainstay for the developing economy." Economics of Development 19, no. 3 (November 16, 2020): 12–18. http://dx.doi.org/10.21511/ed.19(3).2020.02.
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This research paper aims to understand all the factors preventing micro, small and medium enterprises from growing despite their great potential, the possible existence of any internal or domestic differences in the way the entrepreneurs from various Indian communities approach business. The question remains whether there are any external or domestic differences in their entrepreneurial orientations. The work also presents some policy-based suggestions to solve such issues that hinder the magnification potential of MSME units. The MSME units offer jobs to more than seven people. However, they do not grow because of many difficulties discussed in this paper. Due to the lack of opportunities, MSMEs are unable to attract foreign investments. MSMEs can stop the migration of young people coming from rural areas to urban cities if MSMEs get developed. MSMEs represent a high-priority sector of the growing and developing economy. Therefore, we need to focus on this sector to transform developing India into a developed country. This paper is an attempt to analyze the reasons for the difficulties of MSMEs.
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Behera, Minaketan, Sanghamitra Mishra, Niharika Mohapatra, and Alok Ranjan Behera. "COVID-19 Pandemic and Micro, Small and Medium Enterprises (MSMEs): Policy Response for Revival." SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies 47, no. 3 (September 2020): 213–28. http://dx.doi.org/10.1177/09708464211037485.
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The outburst of COVID-19 has not only distressed the economic and social activities of Indian economy but also the world economy as a whole. Out of different economic activities, the micro, small and medium Enterprises (MSMEs) affected a lot. This article attempts to measure the contribution of MSMEs towards Indian economy and also attempts to find out the challenges and problems in pre- and during COVID period. We have used different descriptive statistics to measure the impacts of MSMEs and also use of correlation and co-integration to measure the relationship among the variables such as number of MSMEs, investment amount, employment and output. This pandemic is an exceptional shock for MSMEs. It is evident that there is a high degree of significant positive correlation among the variables. Johansen’s co-integration analysis resulted in the rejection of the null hypothesis signifying the existence of long-run co-integrating relationship. Given the extensive COVID-19 chaos, the government needs to establish an ongoing monitoring system and declare urgent relief steps to improve the MSMEs sector’s confidence. E-market linkage for MSMEs should be promoted, and fiscal stimulus should increase for this sector. The Government of India should take various measures to improve Indian MSMEs and achieve the vision of Self-reliant India.
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M C, Ramesha. "Growth and Working of Micro Small and Medium Enterprises in India: An Overview." Shanlax International Journal of Arts, Science and Humanities 8, S1-Feb (February 6, 2021): 165–69. http://dx.doi.org/10.34293/sijash.v8is1-feb.3948.
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Micro Small and Medium Enterprises (MSMEs) is a vibrant and extensive sector of the Indian economy. It makes a significant contribution to the annual GDP, exports, and employment. In an environment of sustainable growth, economic reforms and, opening of the Indian economy. The role and importance of the MSME sector has become more significant. This sector is characterized by low investment requirement, operational flexibility, region mobility, and import substitutions. MSME Sector has been playing acrucial role in the overall economic development of a country like India and has the advantage of providing gainful employment opportunities with low investment and reduce regional disparities through the dispersal of industries into rural, semi-urban, and backward areas. This study makes an attempts to study the growth and, performance of MSMEs in terms of an increase in the number of working units, employment and investment levels in the recent past. This paper also tries to identify the problems faced by these units and the policy initiatives taken by the government.
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Antonyraj, Maria, and Rajeev Kumar. "A STUDY ON MICRO SMALL MEDIUM ENTERPRISES PRE AND POST GLOBALIZATION ERA." VIDYA - A JOURNAL OF GUJARAT UNIVERSITY 2, no. 1 (April 21, 2023): 136–47. http://dx.doi.org/10.47413/vidya.v2i1.165.
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The Micro, Small and Medium Enterprises (MSME) sector has emerged as a extremely vivacious and dynamic sector of the Indian economy over the last five centuries. It subsidizes significantly in the economic and social development of the country by nurturing entrepreneurship and creating large employment openings at comparatively lower capital cost, next only to agriculture. In India, the MSME sector is highly heterogeneous and is involved in a extensive range of occupational activities. The MSME sector has to continue as an engine of growth provided an environment-friendly policy framework and enabling infrastructural support are made available for its functional operations. Our Indian MSMEs are having a great opportunity to contribute more for the country’s economic growth and government has got a great role in creating an absolute supporting ecosystem to gain the competitive advantage. The present study covers micro small medium enterprises pre and post globalization era. It also examines the number of MSMEs units, production, employment opportunities and export of MSME in the pre and post globalization period. The study is also important factors influencing to start the MSMEs. Also this study majorly focused on micro, small and medium enterprises located in industrial areas of Bihar state.. Various manufacturers, service providers, start-ups from the agriculture based, yarn textiles, Leather based, metal based, repair and services etc., and were interviewed as a part of the study. Simple random method was adopted from probability sampling method. Both primary and secondary data was collected for the study. There are huge openings for the MSMEs to grow as ancillary industries to unleash superior industrial growth. Development of the sector.
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Das, Maitreyee, K. Rangarajan, and Gautam Dutta. "Sustainability Status of Indian MSMEs." SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies 45, no. 2 (June 2018): 89–103. http://dx.doi.org/10.1177/0970846420180205.
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SURJAN, SAPNA, and SANDEEPSRIVASTAVA. "Msmes Intertemporal Evaluation- India And Madhya Pradesh." Restaurant Business 118, no. 9 (September 6, 2019): 136–42. http://dx.doi.org/10.26643/rb.v118i9.8020.
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— Micro small and medium enterprises (MSME) are playing a vital role in the growth of Indian economy and are considered to be the engine of growth. Since independence, Government of India has recognized the contribution of small scale units in promoting balanced and equitable growth of the country. In order to ascertain the ground realities, for formulating effective policies / programmes to uplift the MSME sector, Govt. of India has conducted four periodical census. This study attempts to analyse the comprehensive database given in periodical census of MSME sector in providing an intertemporal picture of industrialization by capturing the magnitude and direction of change in the number of working units, investment, employment and production. Finally, the paper embarks on to compare the trend of change in the magnitude and direction in the vital parameters of MSMEs, happened in India vis a vis Madhya Pradesh.
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Rekha and Akansha Jain. "Do MSMEs Create Employment? Attestation from India." RESEARCH REVIEW International Journal of Multidisciplinary 7, no. 7 (July 15, 2022): 75–82. http://dx.doi.org/10.31305/rrijm.2022.v07.i07.010.
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The Micro, Small, and Medium Enterprise (MSME) sector has developed as a vibrant sector of the Indian economy and is an essential engine of the economy. It contributes significantly to the growth of entrepreneurship and creates the second-largest number of job opportunities. In 2019-2020, the MSME sector will contribute considerably to the development of the Indian economy, accounting for 95 percent of industrial units with an extensive network of 63 million firms, 29 percent of GDP, and nearly 49.8% of exports employing roughly 111 million people. Because the global economy is slowing, it should emphasize growing the MSME sector to improve job opportunities, particularly for young people. These MSMEs create employment possibilities and aid in industrialization in rural areas, reducing income inequality among inhabitants. MSMEs contribute considerably to the development of the Indian economy through exports, domestic production, minimal investment requirements, operational flexibility, and technology-oriented firms, among other things. So, this paper has attempted to understand the role of MSMEs in providing employment opportunities and pushing toward the country's inclusive development. The data for the study has been collected from various secondary sources such as government websites, magazines, multiple reports, and newspapers. Descriptive statistics, correlation, and co-integration analysis were used in the study. The result shows, Have MSMEs created job opportunities in the economy? We used time-series data to analyze the long-term relationship and trend between the variables.
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Lokhande, Madhavi A. "Evolution of the MSMEs in India." Journal of Social and Development Sciences 1, no. 2 (March 15, 2011): 79–90. http://dx.doi.org/10.22610/jsds.v1i2.631.
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There is a growing and worldwide appreciation that the Micro, Small and Medium Enterprises play a catalytic role in the development process of most economies. This position gets reflected in the form of their increasing number and rising proportion in the overall product manufacturing, exports, manpower employment, technical innovations and promotion of entrepreneurial skills. This paper attempts to look at the changing definition of the Micro, Small and Medium Enterprises and the role these enterprises are playing in the growth story of our economy. In India, the MSME sector is the second largest manpower employer, after agriculture and the output from this sector alone constitutes 40 percent share of the value added in the manufacturing sector and one third of national exports. The importance of Micro, Small and Medium enterprises (MSME) for its contribution in the Indian economy growth is a matter of record and needs no further elaboration. However, with the changing focus from economic growth to inclusive growth, MSME sector’s role in the socio economic development of India needs to be understood, explored and facilitated. The opportunity in MSMEs exists, however, the fact remains that most of the funding goes to the larger and more solvent MSMEs and to those who have business linkages with large corporate. The banks compete with each other to grant loans to the top rung MSMEs.
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Upadhyaya, Pallavi, P. Mohan, and Manjunatha Prasad Karantha. "Determinants of B2B E-Marketplace Adoption." International Journal of E-Business Research 13, no. 4 (October 2017): 55–69. http://dx.doi.org/10.4018/ijebr.2017100104.
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Development of Micro, Small and Medium Enterprise (MSME) sector in India has been a priority issue. They constitute 95 percent of total industrial units, provide huge employment opportunities and contribute significantly to GDP. Prior research indicates that B2B e-marketplace offers ample opportunities for MSMEs to access global markets and enhances their competitiveness. There is limited empirical research on B2B e-marketplace use by Indian MSMEs, as also on the factors that influence their adoption. As adoption of B2B e-marketplace is in its growth stage in India, there is a need to understand the factors that influence the adoption. Based on the theoretical frameworks of Diffusion of Innovation, Institutional theory and Transaction cost theory, a conceptual framework that identifies organization, environment, product and e-marketplace related factors influencing adoption is developed. Using the data from 122 MSMEs, the significant factors that influence adoption of B2B e-marketplace are identified. The practical implications for the B2B e-marketplace service providers are also discussed.
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Kumari, Shila, and Pushpa Kumari. "Micro, Small and Medium Enterprises (MSMEs) under the threat of COVID-19 Pandemic in India: Problems, Challenges and Strategies for Revival." Shodh Sankalp Journal 1, no. 2 (June 1, 2021): 85–96. http://dx.doi.org/10.54051/shodh.2021.1.2.1.
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Due to the outbreak of epidemic COVID-19 whole world is facing two-way crisis first as COVID-19 outbreak and economic crisis. It has been drastically impacted the socio -economic, political and psychological conditions of all nations specially developing countries like India. As social distancing is the only precaution to avoid the virus, a nationwide lockdown has been imposed which has influenced almost every aspect of the global economy as well as India. The backbone of Indian Industry, Micro, Small and Medium Enterprises (MSMEs) has been affected badly for the last couple of months due to COVID-19. MSME sector has been facing huge number of problems and challenges due to this world-wide pandemic outbreak. The researcher identified the problems faced by MSMEs during the lockdown like disruptive supply chain, low demand, clean out wasted stocks and shortage of human resource. Paper also discusses the role of government initiatives and analyzed the challenges and issues facing by MSMEs in present economic scenario on the basis of extensive literature review. Outcome of the study will help to strategies formulation to revive the MSMEs to come out from the recent crisis.
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CS, AZHAGURAJA, and MALABIKA. "Implication of gst on msme& its governance." Journal of Management and Science 7, no. 2 (June 30, 2017): 214–19. http://dx.doi.org/10.26524/jms.2017.73.
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Abstract: In the present day context Micro, Small and Medium Enterprises MSMEs play avital role in strengthening the country‘s economy in terms of their contribution to GDP andalso providing employment. India being developing country with vast population faces theproblem of vast unemployment. To address this specific problem the Prime Minister of Indiahad taken a lots of initiative by way of promoting champagne like Make in India, Stand upIndia, Start-Up India, Digital India and Pradhan Mantri Mudra Yojana (PMMY) etc. Theseinitiativesare aimed not only to help in the prosperity of Indian Economy but also to help inaddressing the unemployment problem among the youth. About 8% of the India‘s GDP isfrom MSME, at the same time there are 51 million MSMEs providing employmentopportunity for about 111 million employees. In the recent past Govt of India hasimplemented GST Bill which is seen with apprehension by different quarters of the economyand industry. The GST is considered to be the most momentous reform in India which isbased on the destination principle that would consolidate the various existing taxes likeexcise duty, central sales tax, service tax, octroi, local state taxes etc., The primary objectivebehind the GST is to simplify the taxes so that the cascading effect can eliminated. TheGSTis structured in such a way so as to enable the environment for MSME, ease of doingbusiness though tax collection mechanism, reduction in corruption, easy compliance, easyinter-state movement of goods etc. This paper brings out the implications of GST on MSMEs,and the data for analysis primarily is based on Secondary data,collected through annualreports of MSMEs& Statistical report of Income tax.
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Singh, Sumanjeet, and Minakshi Paliwal. "Unleashing The Growth Potential Of Indian MSME Sector." Comparative Economic Research. Central and Eastern Europe 20, no. 2 (June 30, 2017): 35–52. http://dx.doi.org/10.1515/cer-2017-0011.
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The MSME sector occupies a position of strategic significance in the Indian economic structure. This sector contributes nearly eight per cent to country’s GDP, employing over 80 million people in nearly 36 million widely-dispersed enterprises across the country; accounting for 45 per cent of manufactured output, 40 per cent of the country’s total export, and producing more than 8000 valueadded products ranging from traditional to high-tech. Furthermore, these enterprises are the nurseries for innovation and entrepreneurship, which will be key to the future growth of India. It is also an acknowledged fact that this sector can help realise the target of the proposed National Manufacturing Policy to enhance the share of manufacturing in GDP to 25 per cent and to create 100 million jobs by the end of 2022, as well as to foster growth and take India from its present two trillion dollar economy to a 20 trillion dollar economy. Despite the sector’s high enthusiasm and inherent capabilities to grow, its growth story still faces a number of challenges. In this light, the present paper examines the role of Indian MSMEs in India’s economic growth and explores various problems faced by the sector. The paper also attempts to discuss various policy measures undertaken by the Government to strengthen Indian MSMEs. Finally, the paper proposes strategies aimed at strengthening the sector to enable it to unleash its growth potential and help make India a 20 trillion dollar economy.
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Anon, Anon. "Indian MSMEs: Key to Economic Restart." Management Accountant Journal 55, no. 12 (December 31, 2020): 6. http://dx.doi.org/10.33516/maj.v55i12.6-6p.
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Arundhathi, Dr Y. "Impact of Covid-19 on MSMES in India and Strategies for Revival of MSMES Post Covid-19." Volume 5 - 2020, Issue 9 - September 5, no. 9 (September 25, 2020): 534–36. http://dx.doi.org/10.38124/ijisrt20sep189.
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Today the entire world is under the grip of COVID19. It is impacting the global economy and creating atmosphere of uncertainty. This Pandemic has not spared any sector such as agriculture, corporate, medium and small industry and services sector. MSMEs are the backbone of the Indian economy was hit due to demonetization and GST implementation. In India COVID19 has battered all sectors of the economy MSMEs are the worst hit. MSMES are considered as a growth engine of the nation and they contribute 33.5% of India's manufacturing output, and giving employment to 121million people and generation 45% of India's exports. In this paper an attempt is made to identify the problems of MSMEs, and to study the impact of COVID19 on MSMEs. Another attempt is made to examine the measures taken by the government of India in MSMEs sectors to achieve the dream of self reliant India.
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Khuntia, Janmejoy. "Profile of employment of social groups in the MSMEs in India as per Fourth MSME Census." Journal of Business Management and Information Systems 4, no. 2 (December 31, 2017): 10–16. http://dx.doi.org/10.48001/jbmis.2017.0402002.
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Micro, small and medium enterprises (MSMEs) sector holds a very important position in the Indian economy in terms contribution to the GDP as well as generating gainful employment. India being a heterogenous society, one important aspect of employment is the issue of its distribution among the various social groups, such as the scheduled caste (SCs), scheduled tribe (STs), other backward classes (OBCs) and others comprising of the general caste category. Study of distribution of employment among these social groups enables us to analyze the economic engagement of the work force in one of the industrial sectors of the country. It is also helpful in studying social development of India
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Dua, Sonali Ahuja. "The MSME Conundrum - COVID Troubles for an Already Troubled Sector." Shanlax International Journal of Management 10, no. 2 (October 1, 2022): 49–55. http://dx.doi.org/10.34293/management.v10i2.5271.
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India is a land of small entrepreneurs. MSMEs in India - comprising over five crore businesses and employing over eleven crore people - sum for nearly half of India’s production. There are around 6.33 crore MSMEs in the country and they manufacture more than 8000 products.MSMEs have faced challenges ranging from inadequate access to markets, poorly skilled manpower, poor technology adoption, high cost of capital, challenges in raw material procurement, and inadequate infrastructure. While the Government of India understands it needs to play a greater role in supporting MSMEs - as is evident from schemes like the Atmanirbhar Abhiyan - more needs to be done.As if these challenges were not enough, MSMEs were hit hard by the COVID outbreak and the resultant lockdowns.In this research paper, we explore the challenges faced by Indian MSMEs and the support that the government can offer them to help take on a future that looks skewed in favor of large enterprises.
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Duraichamy, J., and K. R. Srinivasan. "An Empirical Study on the Msmes in India in the Contemporary Era – With Special Focus on the Constraints and Opportunities." ComFin Research 7, no. 3 (July 1, 2019): 95–101. http://dx.doi.org/10.34293/commerce.v7i3.3520.
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Micro, Small and Medium Enterprises accept a basic function in the financial and social improvement of the country. It additionally accepts a key function in the development of the economy with its ground-breaking, beneficial, versatile and inventive creative soul. MSMEs contribute 45% in the mechanical yield, 40% of tolls, using 60 million people, make 1.3 million occupations consistently. The essentialness of MSMEs and its different economic commitment like work age developing new business enterprise offering volume to the business base and commitment to public yield and passages of our country was recognized. They contribute in GDP and GNP of India. It goes probably as a raising ground for business individuals to create from little to gigantic. MSMESector are growing immensely in India. MSMEs are huge in the financial development of India anyway this division isn’t getting sufficient assistance from the concerned Government Departments, banks, cash related establishments and corporate. Before long, the Indian MSMEs are facing different sorts of issues. If the Government, Bank and Economic Institutions will take genuine exercises in the region of MSME and they will contribute wholeheartedly while updating the MSMEs, these troubles can be handled and the money related development movement of India will be 8-10% for the next many years. At this moment, there are More than 50 million SMEs exist in our country India. The SME division has developed competently by contributing 40% of the nation’s charges and delivering an extraordinary many occupations consistently. The SME division has agreat deal of potential for development in the coming quite a while with respect to spearheading soul, advancement and occupation creation in the country. Regardless, the SME division has been fighting an aftereffect of the heaviness of troubles. It is being the motivation factor to do a research study on the constraints and opportunities of MSMEs in India. And the study is an empirical based study and secondary sources oriented.
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Devi, M. Pramila, and Dr S. Ramachandran Dr. S. Ramachandran. "Innovation And Indian MSMEs: Emerging Challenges and Opportunities." Indian Journal of Applied Research 4, no. 2 (October 1, 2011): 4–36. http://dx.doi.org/10.15373/2249555x/feb2014/85.
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Maheshkar, Chandan, and Neha Soni. "Problems Faced by Indian Micro, Small and Medium Enterprises (MSMEs)." SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies 48, no. 2 (June 2021): 142–59. http://dx.doi.org/10.1177/09708464211064498.
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MSMEs are of particular significance to the Indian economy. This labour-intensive sector helps to maintain the socio-economic equilibrium. If the regulatory framework facilitates, they can reduce economic disparities at the regional level by employment generation, promoting economic independence, and helping in the sustainable development of the society. Despite a significant contribution to nation-building, MSMEs are not getting the necessary support from government agencies and financial institutions. Inadequate financing, deficient social infrastructure, managerial skills, and sudden shocks caused by economic and tax reforms are the issues that majorly affect the performance of small enterprises at different levels of their operations. Thus, this study has transacted to highlight the problems MSMEs facing in India. Through the quantitative approach, six different families of problems—namely marketing, finance, technology, raw material, labour, and management—have been identified. Each of the problem areas was categorised into internal and external issues. A detailed discussion has been made considering the impact of demonetisation, GST, and skill development programs on MSMEs. Subsequently, some suggestions have been made for improving the performance of MSMEs.
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Sarmah, Ankita, Bedabrat Saikia, and Dhananjay Tripathi. "Can unemployment be answered by Micro Small and Medium Enterprises? Evidences from Assam." Indian Growth and Development Review 14, no. 2 (May 7, 2021): 199–222. http://dx.doi.org/10.1108/igdr-09-2020-0140.
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Purpose Generating meaningful employment has become a major concern for countries across the globe to break the vicious circle of poverty. Employment creation becomes more intricate in a developing economy like India where the population is at an incessant rise, without a simultaneous increase in the employment generation. In the event of situations of mounting unemployment, micro small and medium enterprises (MSMEs) being largely labour-intensive have been claimed as a significant contributor in an economy’s development to induce employment generation. The study at hand is an attempt to gauge the overall contributions of MSMEs in employment creation in Assam, a developing region of the Indian sub-continent. However, most importantly, the purpose of this paper is to determine if men and women are differently employed in the sample MSMEs and if the pattern of employment creation is different across male and female-owned sample MSMEs. Design/methodology/approach The study is based on a uniquely large sample of 320 MSME entrepreneurs with an equal representation of 160 each from male and female entrepreneurs. Secondary data sources were also consulted. Study areas comprising Kamrup-Metropolitan and Kamrup-Rural, depicting both urban and rural Assam, respectively. The choice of activities undertaken by the entrepreneurs includes a wide variety of 12 activities pertaining to all the MSME entrepreneurs in general and certain gender-specific in particular. The two hypotheses (H01 and H02) formulated were tested using the Chi-square test and the Mann-Whitney U test. Furthermore, the growth rate of employment generation in Assam along with the growth rate of the number of MSMEs established and investment made by the MSMEs were computed. Findings The calculated growth rate of employment creation, capital investment and MSMEs established were found to be positive. Based on the results of the Chi-Square test and Cramer’s V test, this paper establishes a strong association between the MSMEs and the total employment generation by the sample entrepreneurs (H01). The primary data suggested that 320 MSMEs are Employing 2,766 people in the study area with an average of 8 people per unit. Employment in the service sector is higher than the manufacturing units with an average of 4 people per unit. Another vital finding of the study professed that the women-owned MSMEs have a relatively lesser number of people (32.2%) employed than their male counterparts (67.8%). The mean rank of male entrepreneurs is considerably higher (211.49) testifying a higher employment creation by the male-owned MSMEs than the women-owned (H02). Moreover, women (33.4%) are thinly employed than men (66.5%). Women entrepreneurs were seen to have mostly limited themselves in micro-units followed by small-units. In terms of the nature of employment, full-time employees (81.8%) supersede part-time employees (6.6%). The pattern of self-employment is equal (5.8%) across both male and women entrepreneurs. MSMEs have been well identified as an impeccable answer to mitigate the problem of mounting unemployment. Originality/value The novelty of the study lies in its meticulous and explicit understanding of the employment scenario in Assam by the MSMEs. Empirical works on employment creation by the MSMEs in Assam were fundamentally based on secondary data sources. The study fills in the gap by providing a holistic picture of employment creation based on both primary and secondary data, but prominently on the primary. The study accounts details about the nature of MSME employment, the gender of the MSME employees, employment creation by male and female MSME entrepreneurs, the growth rate of MSME employment and self-employment to name a few
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Reddy, Ketan. "Financial Constraints and Global Value Chains Participation of Indian MSMEs." Indian Economic Journal 68, no. 1 (March 2020): 118–21. http://dx.doi.org/10.1177/0019466220946325.
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This brief note highlights the importance of micro, small, and medium enterprises in India and the gains associated with the global value chain (GVC) participation for small and medium firms. The note also sheds light upon financial constraints as a major obstacle faced by these firms in their decision to participate in GVCs. The stagnancy in Indian manufacturing and the potential that GVC holds for the country, especially in line with the policy initiatives of Make in India, makes this a very pivotal area of research, and this research note aims to promote more research related to GVCs in India.
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Amrita, Kumari, Chandra Prakash Garg, and Saumya Singh. "Modelling the critical success factors of women entrepreneurship using fuzzy AHP framework." Journal of Entrepreneurship in Emerging Economies 10, no. 1 (March 5, 2018): 81–116. http://dx.doi.org/10.1108/jeee-03-2017-0017.
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Purpose The contribution of women toward entrepreneurial activities has gained significant attention in recent years because of economic and social concerns, government support and initiatives and increased education and awareness. Women’s entrepreneurial activity has increased and women-owned businesses can today be found in every sector of the economy, irrespective of region. In India, government bodies such as the Ministry of Micro, Small and Medium Enterprises (MSMEs) and several other organizations (private and NGOs) have adopted considerable measures to promote women entrepreneurship (WE). To improve WE, the critical factors of WE adoption need to be identified and evaluated. The purpose of this paper is to identify, prioritize and evaluate the critical success factors of WE adoption in Indian MSMEs. Design/methodology/approach This paper proposes a methodology based on fuzzy analytical hierarchal process to prioritize the critical success factors of WE adoption. A numerical analysis of Indian MSMEs is presented to demonstrate the use of the proposed method. This proposed method considered fuzzy framework, which can handle impreciseness and uncertainty. Sensitivity analysis is also performed to test the robustness of the proposed model. Findings Potential critical success factors are identified from relevant literature and validated by industry experts. This research finalize the critical success factors of WE adoption in Indian MSMEs under seven dimensions, so prioritization of identified critical success factors can be developed and insights relationship of factors would be explored. The results of the study found that individual, management and government dimensions take paramount importance while women aim to become entrepreneurs in Indian MSMEs. Research limitations/implications This study is limited to identifying evaluation factors; other factors have not been identified and categorized. Evaluation is one by experts in this area so it is natural that views of decision-makers may be subjective and vary with regard to industry-type, priorities, resources, etc. Practical implications This study will help industry to identify, evaluate and prioritize factors for successful implementation of women entrepreneurship. MSMEs could device these factors by applying the outcome of the study in their decisions with higher priority to implement women entrepreneurship culture. Originality/value Potential factors are identified from relevant literature and validated by industry experts. Indian MSMEs could device these factors by applying the outcome of the study in their decisions with higher priority to adopt women entrepreneurship.
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Dutta, Sarodiya, Bibekananda Raychaudhuri, and Arabinda Bhattacharya. "An Inter-District Comparison with respect to the Growth Factors in the Development of the MSME Sector: A Case Study on West Bengal." JOURNAL OF ACADEMIC ADVANCEMENT 1, no. 2 (2022): 13–25. http://dx.doi.org/10.58574/jaa.2022.v1.i2.02.
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Micro, Small and Medium Enterprises (MSMEs) have a significant role in the Indian economy. West Bengal holds the second position among the states in India with respect to the number of units and employment in the MSME Sector. This paper emphasizes the ranking of districts of West Bengal in terms of growth rate calculated on the basis of these two above-stated parameters- the number of units established and employment generated in the MSME Sector, which are considered as development parameters in this study. Further, the study highlights whether the overall economic environment, individual entrepreneurial capability and geographical diversity of the districts of West Bengal have any impact on these development parameters or not.
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Singh, Sumanjeet. "The State of IP protection, Exploitation and Valuation: Evidence from Select Indian Micro, Small and Medium Enterprises (MSMEs)." Journal of Entrepreneurship and Innovation in Emerging Economies 4, no. 2 (June 19, 2018): 159–76. http://dx.doi.org/10.1177/2393957518782038.
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There is a plethora of literature to support the significance of intellectual property rights (IPRs) in modern organisations in deterring potential infringement of new ideas and in turning them into productive business value. Larger-sized firms attach tremendous value to their intellectual property (IP), whereas in the case of the micro, small and medium enterprise (MSME) sector, much more than a value game, IP rights have strategic importance, as this sector requires constant creativity and innovation to adapt to fast-changing market conditions, short product life cycles and intense market competition. Many of the Indian MSME units rely heavily on their in-house R&D laboratories/personnel, complex designs, unique methods, artistic work, distinctive brand names and innovation ability. They create and use IP assets which range from patents to trademarks, copyrights and industrial designs. Therefore, proper protection, exploitation and valuation of these assets have become more and more critical for the success of Indian MSMEs in the global economy. In this light, the present study aims to examine the practices used by a selected group of Indian MSMEs with regard to IP usage, protection, and exploitation and valuation aspect. In this process, the study also investigates the problems or constraints that resist these firms to exercise such IP management-related practices.
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Mishra, Mrigendra Nath, Ashutosh Mohan, and Arghya Sarkar. "Role of Lean Six Sigma in the Indian MSMEs during COVID-19." International Journal of Lean Six Sigma 12, no. 4 (June 8, 2021): 697–717. http://dx.doi.org/10.1108/ijlss-10-2020-0176.
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Purpose The purpose of this study is to explore the advantages and obstacles of implementing Lean Six Sigma in Indian MSMEs during or post-COVID-19. The following research also elaborates on the challenges of implementing Lean Six Sigma in MSMEs in India, along with the changes in the culture that are required for providing a proper climate to ensure success in a long-term manner. Design/methodology/approach The methodology used in this study is a descriptive study, which explores and looks for the factors that influence the impulse or motivation to implement Lean Six Sigma in MSMEs and factors that inhibit the implementation of Lean Six Sigma. To achieve this goal of Lean Six Sigma, a significant review of the existing literature of the subject area has been done to prepare a framework with the help of inferential statistics in view of the critical success factors. This research is a flow and arranged a type of survey of organizations that is conducted using MS-Excel and SPSS 25.0 statistical software. The number of participants selected using a purposive sampling method in this study was 127 Lean Six Sigma experts and owners or CEOs of MSMEs in India. Findings Lean Six Sigma be used for facilitating the improvement processes in manufacturing operations, quality improvements and productivity. As some obstacles exist in implementing the Lean Six Sigma approach, the improvement processes and outcomes of change in the culture are noteworthy and worthwhile. The implementation of Lean Six Sigma has also some constraints, including cost limitations, skill limitations, limited facilities and other such limitations. The implementation of Lean Six Sigma during COVID-19 is not yet a matter of urgency or priority, and hence, cannot yet be applied. Research limitations/implications This paper presents opinions of only a few selected professionals of Indian MSMEs. So it was a crucial aspect of capturing the views of such practitioners of their arrival on valid and sound conclusions. Practical implications The novelty of this research is to analyze the advantages and obstacles of implementing Lean Six Sigma in MSMEs during the COVID-19 in India. The results of this research can be used as scientific references for researchers who will conduct future research. Moreover, it can be guidance for MSMEs owners to make decisions in implementing Lean Six Sigma during the COVID-19 pandemic. The organizations assess all of their aspects such as perceive objectives, required qualities and shortcomings for fruitful implementation of any practice. Originality/value Several suggestions were made for the methods and thoughts, which will constitute a Lean Six Sigma organization. Hence, the research offers an excellent framework for both working professionals and academicians to understand the view of Indian MSMEs along with their benefits and obstacles of implementing Lean Six Sigma. So this study helps in laying out a platform for understanding the uses of Lean Six Sigma for process excellence in a new era due to COVID-19.
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Potluri, Rajasekhara Mouly, and Narasimha Rao Vajjhala. "Risks in Adoption and Implementation of Big Data Analytics." International Journal of Risk and Contingency Management 10, no. 3 (July 2021): 1–11. http://dx.doi.org/10.4018/ijrcm.2021070101.
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The research investigates the risks in adopting and implementing big data analytics in Indian micro, small, and medium enterprises (MSMEs). The researchers outlined a survey questionnaire for accumulating reactions from managers working in 50 Indian micro, small, and medium-sized enterprises on behalf of five vital commercial sectors. The application and use of big data analytics offer several significant problems for small companies as an investment in hardware and software resources are substantial. This study's findings provided experimental evidence on five critical challenges that Indian MSMEs face while adopting and implementing big data analytics: lack of human resources, data privacy and security, shortage of technological resources, deficiency of awareness, and financial implications. This study's findings emphasize the challenges that MSMEs face while leveraging big data analytics benefits. The research outcome will promote MSMEs' organizational leadership in planning and developing short-term and long-term information systems strategies.
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Sarkar, A. N. "Financing Mechanisms to Support MSME and Startups: Role of the Capital Market." International Journal of Advance Research and Innovation 4, no. 1 (2016): 18–34. http://dx.doi.org/10.51976/ijari.411605.
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The Micro, Small and Medium Enterprise (MSME) sector plays a significant role in the Indian economy. A catalyst for socio-economic transformation of the country, the sector is critical in meeting the national objectives of generating employment, reducing poverty, and discouraging rural-urban migration. These enterprises help to build a thriving entrepreneurial eco-system, in addition to promoting the use of indigenous technologies. The sector has exhibited consistent growth over the last few years, but it has done so in a constrained environment often resulting in inefficient resource utilization. Of the many challenges impeding the growth and development of MSMEs, inadequate access to financial resources is one of the key bottlenecks that make these enterprises vulnerable, particularly in periods of economic downturn. MSME sector is currently opening up in India to support startup initiatives, especially in the manufacturing, infrastructure and IT-enabled Services sector. The Government is fully committed now to extend whole-hearted financial and technical cooperation and support to the entrepreneurs to see through a boom in the Start-up industries; as also to fulfil the ‘Make in India’ Mission of the Government. Among other things, the major objectives of this Mission are to enhance the overall economic growth and create enormous job opportunities in India. The paper attempts to highlight the various financing mechanisms to support MSMEs and Startup initiatives in India and the Asia-Pacific Region with focus on the role of the Capital market.
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Tripathi, Kumari Amrita, and Saumya Singh. "Analysis of barriers to women entrepreneurship through ISM and MICMAC." Journal of Enterprising Communities: People and Places in the Global Economy 12, no. 3 (July 9, 2018): 346–73. http://dx.doi.org/10.1108/jec-12-2017-0101.
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PurposeThis paper aims to study the impediments and difficulties that prevent Indian women from becoming entrepreneurs.Design/methodology/approachData were obtained through a survey involving 15 experts. Based on the feedback provided by the experts, ten relevant barriers in the context of Indian micro small and medium enterprises (MSMEs) were chosen. A structured questionnaire was used to gather data. These ten barriers create obstruction for Indian women as entrepreneurs. These barriers were ranked, and causal relationships among them established using interpretive structural modeling andMatrice d’Impacts croises-multiplication appliqúean classment(cross-impact matrix multiplication applied to classification) (ISM–MICMAC) approach.FindingsThis study identifies, on the basis of extant literature and experts’ opinion, ten barriers to female entrepreneurship. These barriers were ranked, and causal relationships among them established using the ISM–MICMAC approach. On the basis of ranking, women can move forward in MSMEs after removing these obstacles and it will have good results.Research limitations/implicationsIn this research, with literature reviews and experts opinion, ten barriers have been identified for women’s entrepreneurship and have been used to build the model.Practical implicationsTo bring Indian women forward in the field of entrepreneurship, both the society and the government should work together, and efforts should be made to overcome the obstacles coming in the way of entrepreneurs.Social implicationsFemale entrepreneurship in India faces many problems including negative attitude of authorities and society toward women. The society and authorities have no format or model for Indian women to move forward in the entrepreneurship sector.Originality/valueThis study seeks to identify, on the basis of a thorough review of literature and expert opinion, major barriers to female entrepreneurship in the context of Indian MSMEs.
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Patro, Chandra Sekhar. "A Study On The Growth Insights Of MSMEs in the Era Of Globalization." NMIMS Management Review 29, no. 04 (December 27, 2021): 18–42. http://dx.doi.org/10.53908/nmmr.290401.
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Purpose: This paper examines the global scenario of MSMEs, the impact of globalization, the role of MSMEs in India, the growth perspectives of MSMEs during the pre-and post-globalization period, the critical challenges, and the role of the Government in encouraging and developing MSMEs. Methodology:The study considers the secondary data related to the pre-and postglobalization period and analyzes the growth perspectives. In addition, the study examines the critical challenges and also Government initiatives in the development of MSMEs. Findings:The aids of a globalized and digital economy depend to an excessive extent on favourable business environments and healthy competition.The performance of MSMEs depends on accessibility to various strategic resources like abilities, technical know-how, innovativeness, and finance. Thus, it is imperative to consider the factors influencing work conditions firm level, and the strategies formulated at the national level are organized to local business perspectives. Practical Implications:The study will be beneficial to the micro, small and medium enterprises and practitioners who play a pivotal role in the establishment of enterprises and start-ups. It explores the various challenges faced by MSMEs and plan necessary strategies to sustain the competition in local as well as global markets. Originality: The study articulates the MSMEs scenario at the global and Indian levels. It also analyzes the growth insights of MSMEs during the pre-and post-globalization period. It can be observed that MSMEs need to analyze the market opportunities in the rapidly-growing economy and emerging markets.
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SHARMA, NOMITA. "INNOVATIVE BEHAVIOUR OF INDIAN MICRO SMALL AND MEDIUM ENTERPRISES: AN EMPIRICAL STUDY." International Journal of Innovation Management 21, no. 07 (September 19, 2017): 1750061. http://dx.doi.org/10.1142/s136391961750061x.
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The aim of this paper is to explore innovative behaviour of Indian Micro Small and Medium Enterprises. It is interesting to study innovative behaviour of microsmau and medium enterprises (MSMEs) since they try to innovate while surrounded by many barriers. They also face high failure rate in doing so. This failure is due to presence of barriers that MSMEs fail to manage. But it has been observed that many MSMEs are now awakening to their potential and becoming innovative. They tend to respond to environmental factors in an innovative way, either by cutting cost or changing ways of management. This innovative way defines their innovative behaviour. The innovative behaviour of MSMEs is studied through three variables, i.e., size, age and barriers faced by them. The result shows that size does influence innovation activities undertaken by MSMEs and statistically, there is no correlation between age and innovative behaviour. Their innovative behaviour is affected by barriers like shortage of technical skilled manpower, technology and shortage of funds or complex funding procedure. The paper is concluded by summarising the key findings, discussing implications, limitations and further scope of study.
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SINGH, AMAR. "Financial Distress in Micro Small & Medium Enterprises: Special Reference to Indian Tour & Travel Companies." Turkish Journal of Computer and Mathematics Education 09, no. 03 (2018): 809–18. http://dx.doi.org/10.36893/tercomat.2018.v09i03.809-818.
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In India Tourism related MSMEs are liable to get the facilities like friendly banking services, easy finances, wide coverage of insurance, erosion of financial intermediaries, etc. This will help the tourism related MSMEs to flourish and prosper in the country. As of now, there are a number of facilities provided to new MSMEs but still there is a scope to facilitate the existing MSMEs in the country, like providing them with appropriate credit facilities, tax holidays, etc. so that they can directly contribute to the economic development of the country. This present study will evaluate the finance and credit related issues of MSMEs, especially in case of the tourism. This study is based on primary data and the researcher has used ANOVA test to verify the hypothesis.
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Guna, Chennathur, and Anuradha P.S. "Dimensions of GST on Small and Moderate Business Units: A Systematic Review." Vision: The Journal of Business Perspective 25, no. 3 (May 1, 2021): 275–84. http://dx.doi.org/10.1177/09722629211002931.
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Implications of indirect tax namely GST’s implications on small and medium businesses are an emerging area of research in India. Relevant literature of Indian and other nations up to 2020 has been studied and it covers published and also grey literature materials. Adequate caution and consideration have been applied in choosing the appropriate literature. Understandings from the significantly sourced literature have been thematically analysed and presented. The outcome of this work makes clear the dimensions of GST in relation to opportunities for small and moderate business houses, experiences of other countries and the current challenges for small and moderate businesses in the Indian context. One of the significant findings is that implications of GST on MSMEs across various industries would be diverse and also vary from politically sensitive industries of each state. This review is a step towards further research and helps the MSME owners and policymakers in making informed decisions.
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Apte, Jyoti. "Usefulness of VAVE for Projects in MSME Sector in India." International Journal for Research in Applied Science and Engineering Technology 11, no. 3 (March 31, 2023): 554–61. http://dx.doi.org/10.22214/ijraset.2023.49453.
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Abstract: To India being one of the World’s fastest Growing Economy, the Micro, Small and Medium Enterprises (MSME) sector is a significant contributor. It is globally recognised that the MSME sector must be the growth engine of any economy, given its scale of operations. Even in India, this sector has consistently contributed to the growth of the economy. MSME sector needs to grow and strengthen so as to meet the needs of Multinational Corporations and large Corporates who are keen to develop key vendors capabilities so that the product and service offering of the vendors can be enhanced, and thereby enable them to move up the value chain. VAVE has been widely implemented in the large-scale industries globally for more than 5 decades. The application of VAVE in India has had a significant impact on the country's manufacturing and construction industries, as well as in the field of public works and healthcare. By improving the value of goods and services, VAVE has helped to reduce costs and improve the overall quality of products and services. This has had a positive impact on the Indian economy and has helped to improve the standard of living for many Indians. Value improvement, cost reduction and process optimisation being the key factors that impact the bottom lines as well as competitive advantage of MSMEs, this paper aims study the usefulness of VAVE for projects in the MSME sector.
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Kumar N, Pradeep. "Impact of COVID -19 on MSMEs in India." International Journal for Modern Trends in Science and Technology 6, no. 6 (June 28, 2020): 76–79. http://dx.doi.org/10.46501/ijmtst060617.
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The Micro Small and Medium enterprises (MSMEs) have been accepted as the engine of economic growth and play an important role in the equitable economic development of country.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.Coronavirus outbreak is eroding the already battered Indian economy in more ways than one.MSMEs, which is a crucial pillar of emerging economy like India’s are not able to do business as usual.The main objective of the study is to measure the major liquidity measures announced by the Central Government in this pandemic situation and to identify the rise of MSMEs in India and the initiatives by the banks. The study is based on the secondary data.
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Uddin, Mohammed Ahmar, Syed Ahsan Jamil, and Khaliquzzaman Khan. "Indian MSMEs amidst the COVID-19 Pandemic: Firm Characteristics and Access to Finance." Academic Journal of Interdisciplinary Studies 11, no. 3 (May 5, 2022): 71. http://dx.doi.org/10.36941/ajis-2022-0069.
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The importance of Micro, Small, and Medium Enterprises (MSMEs) in economic development and their access to finance post-COVID-19 has been highlighted in this study. The availability of finance is a critical factor for MSMEs to flourish, and they are mostly severely affected by the economic recession. The purpose of this study was to ascertain how the firm-specific factors such as Location, Industry, Size, Age, Ownership, Collaterals, and Business information affect their access to finance in India. This study used a survey to collect primary data from 200 MSMEs in India. Descriptive and logistic regression analysis was used to analyze the data. Results show that firms with collateral, larger and older firms, and private limited firms are less likely to face problems in raising finance, while service firms are more likely to face problems in raising finance. The results from this study will add to the understanding of the financing problems faced by MSMEs in India. The study recommends that firm attributes are important for accessing finance and help policymakers and researchers develop new strategies and policies to support the financing of MSMEs in India.
Received: 23 September 2021 / Accepted: 7 March 2022 / Published: 5 May 2022
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Uma, R., and R. Anbuselvi. "Role of Micro Small and Medium Enterprises (MSME) in Employment Generation in India." Shanlax International Journal of Economics 11, no. 2 (March 1, 2023): 22–27. http://dx.doi.org/10.34293/economics.v11i2.5809.
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The importance of 65 million MSMEs, which account for about 120 million jobs and 30% of the country’s economic output, cannot be underestimated as it forms the backbone of the industrial landscape of the country contributing 49 % to the exports and 45% to the manufacturing sector and also responsible for around 30% of total employment generationin India.The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last fewdecades. It contributes significantly in the economic and social development of the country by fostering entrepreneurship and generating largest employment opportunities at comparatively lower capital cost, next only to agriculture. MSMEs are complementary to large industries as ancillary units andthis sector contribute significantly in the inclusive industrial development of the country.
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Kore, Hemant H., Saroj Koul, and Rakesh Verma. "Indian MSMEs–Review of Dynamic Capabilities with Lean Production." International Journal of Operations and Quantitative Management 27, no. 4 (January 2, 2022): 361. http://dx.doi.org/10.46970/2021.27.4.4.
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Singh, Davinder, J. S. Khamba, and Tarun Nanda. "Problems and prospects of Indian MSMEs: a literature review." International Journal of Business Excellence 15, no. 2 (2018): 129. http://dx.doi.org/10.1504/ijbex.2018.091923.
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