( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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CONTRIBUTION OF MICRO,SMALL AND MEDIUM ENTERPRISES IN INDIA’S GROWTH AND FINANCIAL OBSTACLES

    2 Author(s):  DR. SURESH KUMAR MITTAL , RAKESH KUMAR

Vol -  5, Issue- 7 ,         Page(s) : 45 - 53  (2014 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

India is a developing economy and Micro, Small and Medium Enterprises (MSMEs) is backbone of the Indian economy. MSMEs have been playing important role in the economic development of the India where unemployment and poverty are major problem. This study highlights the contribution of MSMEs in the economic growth of India regarding GDP, Employment, Production and export in Indian economy. The main objective of this study is to assess the financial obstacles in MSMEs growth and provides some suggestion to remove these obstacles. The result shows that the MSMEs sector during the period 1992-93 to 2010-11 is recorded a tremendous growth.

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