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

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 203    Submit Your Rating     Cite This   Download        Certificate

OPPORTUNITIES AND CHALLENGES IN SMALL BUSINESS IN THE INDIAN ECONOMY

    1 Author(s):  JAINENDRA KUMAR VERMA

Vol -  4, Issue- 1 ,         Page(s) : 447 - 451  (2013 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

According to the quick result of the Fourth All India Census of MSMEs (2006-07), there are 26 million MSMEs in India which provides employment to about 60 million people. The sector contributes about 40 % GDP, beside 45% to the total manufacturing output and 40 % to the exports from the country. There could be many opportunities identification hidden inside the challenges for small business concerns. This paper examines various opportunities and challenges in small business in Indian economy. More precisely the paper explores, rewards for starting a small business, myths about small businesses, new opportunities, four forms of entrepreneurship, identification practices among first generation and major challenges in small business.

order online

7. M. Dell and C. Freedman, Direct from Dell: Strategies that Revolutionized an Industry (New York: Harper Business, 2000).
8. http://www.amazon.com/exec/obidos/tg/detail//075671877
9. U.S. Small Business Administration, Office of Advocacy, Small Business by the Numbers (Washington DC: SMALL BUSINESS ADMINISTRATION , 2004) , http://www.sba.gov/advo/stats/sbfaq.pdf
10. Devron A. Veasley, “Incubators Build Economies, Benefit Communities, in Depth: Small Business Resource Guide – Business incubation”, Birmingham Business journal, 2003, http://birmingham,bizjournals.com/birmingham/stories/2003/08/11/focus6.html
11. NFIB, Small Business Problems and Priorities (Washington DC: NIFB Research Foundation, 2000).
12. http://www.nifb.com/object/html
13. Joseph A. Schumpeter, The Theory of Economic Development (New York: oxford, 1961)(1934).
14. Scott A. Shane, “Is the Independent Entrepreneur a Valuable Organization Form?” RISE Business,
15. http://www.riseb.org/shane.html.
16. Rathore B S and Saini J S, “Technical Entrepreneurs in Chandigarh – A Profile”, a paper published in Financial Express : 14-10-1989
17. Chandra Prasanna, “Projects- Preparation, Appraisal, Budgeting and Implementation”, Mc Graw Hill Publishing Company Limited, New York 1989.

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details