Isbn: 9788177085679 - micro, small and medium enterprises (msmes) in india: problems and promotional measures (2 Ergebnisse)

Zustand: New.

Hardcover. Zustand: New. Micro, small and medium enterprises (MSMEs) have emerged as a highly vibrant and dynamic sector of the Indian economy over the years. According to the Annual Report, 2022-23 of the Ministry of Micro, Small and Medium Enterprises, Government of India, there were 633.88 lakh micro, small and medium enterprises (MSMEs) in the country, engaged in different economic activities. Total employment in the MSMEs sector is estimated to be 1,109 lakh. Covid-19 pandemic was a particularly challenging time for MSMEs, many of which were on the brink of closing down their operations. MSMEs not only play crucial role in providing large employment opportunities, at comparatively lower capital cost than large industries, but also help in industrialization of rural and backward areas, thereby reducing regional imbalances, and assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and contribute enormously to the socio-economic development of the country. This sector contributes significantly to manufacturing output, employment and exports from the country. Undoubtedly, MSMEs have emerged as a highly vibrant and dynamic sector of the Indian economy in recent years. Though strategically important, MSMEs face a number of problems which have resulted in their retarded growth. Inadequate working capital, lack of information to access national and international markets, shortage of trained personnel and obsolete technology are the major barriers to the growth of MSMEs in India. The present work analytically explains the functioning of MSMEs in India. It examines the problems faced by MSMEs and details the policies and programmes of the Government of India to promote this crucial sector of the Indian economy.…