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

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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.

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