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GROWTH OF MSME SECTORS IN INDIA
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Author(s):
P. JUBLIN PRASANNA
Vol - 8, Issue- 12 ,
Page(s) : 178 - 184
(2017 )
DOI : https://doi.org/10.32804/IRJMSH
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Abstract
Micro, small and medium enterprises (MSMEs) are an extremely important segment of the developing economies. They are key contributors to the gross domestic product (GDP), accounting for a significant proportion of exports. MSMEs are significant employment generators after agriculture. As per latest estimates, more than 51 million working enterprises employed over 117 million people and contributed nearly 8% to India’s GDP. Though it contributes more to the growth of economy, the sector has been facing various hurdles in India since long.
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