This document summarizes a research paper on the growth and future prospects of micro, small, and medium enterprises (MSMEs) in India. Some key points:
1) MSMEs play a vital role in the Indian economy, contributing about 45% of manufacturing output, 40% of exports, and creating employment for around 70 million people.
2) Over the past decades, the number of MSMEs, employment, investment, and output have grown significantly at compound annual growth rates of 11-18%.
3) However, MSMEs face challenges such as lack of access to finance, low productivity, and technology issues that have hindered faster growth.
4) The Indian government has
Vietnam is a fast-growing lower middle income country that has received considerable inward investment in recent years. This revision webinar for A-level Economics looks at the contextual evidence on Vietnam and compares and contrasts their current growth with China. It analyses some of the key growth drivers and evaluates barriers to growth including environmental challenges and vulnerability to external economic shocks.
Introduction to small & Medium Enterprises (SMEs)Abir Hossain
Introduction
Definition of SMEs: Bangladesh Perspective
Definition of SMEs: International Perspective
Definition of SMEs in some selected countries: India, Japan, Korea, Malaysia, Thailand, China and Vietnam
Contribution of SMEs in Bangladesh Economy
Contribution of SMEs: International Experience
Major constraints of SME around the globe.
Conclusion
Trade Policy Reform of India 2008 - 2019
The Trade Policies in India are formulated by Government of India, Ministry Of Commerce And Industries and Department of Commerce.
"GLOBAL FINANCIAL CRISIS AND IT'S IMPACT ON INDIAN ECONOMY"Somnath Pagar
In the subsequent parts of the research report, several issues will be discussed which will provide a detailed account of the origin of the crisis (2008-spiraled mortgage crisis, starting in the United States) and the ripple effect of economic downturn of the world„s largest economy which engulfed even the fast growing emerging economies into the crisis. The main aim of the study is to find relevant answers to questions like:
Why and how India has been hit by the crisis?
How the Indian economy and the Reserve Bank of India have responded to the crisis?
Which are the opportunities arisen from the crises?
etc.
The industrial policy means the procedures, principles,policies rules and regulations which control the industrial undertaking of the country and pattern of industrialization. It explains the approach of Government in context to the development of industrial sector.
Impacts of GST on FMCG sector with special reference to Cassandra Foods Priva...Vignesh Govindaraj
Research Paper - Impacts of GST on FMCG sector with special reference to Cassandra Foods Private Limited Company(OPC).
This paper is published in International Conference - Impact of GST organised by the Department Of BBA and Corporate, Loyola College, Chennai.
Paper presentation:
Done by: Mr. Vignesh & Mr. Sivakumar
This presentation is a outlook of the performance of Islami bank Bangladesh Limited. The presentation includes evaluation of fundamental criteria that a bank needs to analyze to check its performance.
An Analysis of Micro, Small and Medium Enterprises in IndiaABDUL MOIZZ
The presentation is about a brief study of MSME sector in India regarding GDP, employment and inclusive growth. The study also covers various challenges facing by this sector and also the governmental intervention for solutions of these challenges.
a ppt on indian financial system this ppt contains data till jan 2016.This ppt was made as a part of college presentation. I hope it helps you guys..........
The Indian MSME sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities. With around 48.8 million units throughout the geographical expanse of the country, MSMEs contribute around 7% of the manufacturing GDP and 31% of the GDP from service activities as well as 37% of India s manufacturing output and 40% of the overall exports.
Themicro, small and medium Enterprises (MSMEs) are the growth accelerators of the Indian economy and for promoting equitable development. The MSME contributes about 30% of the country’s gross domestic product (GDP). In terms of exports, they are an integral part of the supply chain and contribute about 40% of the overall exports.Micro Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. 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 & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The study aims to analyse the sustainability and success of MSME in India
Vietnam is a fast-growing lower middle income country that has received considerable inward investment in recent years. This revision webinar for A-level Economics looks at the contextual evidence on Vietnam and compares and contrasts their current growth with China. It analyses some of the key growth drivers and evaluates barriers to growth including environmental challenges and vulnerability to external economic shocks.
Introduction to small & Medium Enterprises (SMEs)Abir Hossain
Introduction
Definition of SMEs: Bangladesh Perspective
Definition of SMEs: International Perspective
Definition of SMEs in some selected countries: India, Japan, Korea, Malaysia, Thailand, China and Vietnam
Contribution of SMEs in Bangladesh Economy
Contribution of SMEs: International Experience
Major constraints of SME around the globe.
Conclusion
Trade Policy Reform of India 2008 - 2019
The Trade Policies in India are formulated by Government of India, Ministry Of Commerce And Industries and Department of Commerce.
"GLOBAL FINANCIAL CRISIS AND IT'S IMPACT ON INDIAN ECONOMY"Somnath Pagar
In the subsequent parts of the research report, several issues will be discussed which will provide a detailed account of the origin of the crisis (2008-spiraled mortgage crisis, starting in the United States) and the ripple effect of economic downturn of the world„s largest economy which engulfed even the fast growing emerging economies into the crisis. The main aim of the study is to find relevant answers to questions like:
Why and how India has been hit by the crisis?
How the Indian economy and the Reserve Bank of India have responded to the crisis?
Which are the opportunities arisen from the crises?
etc.
The industrial policy means the procedures, principles,policies rules and regulations which control the industrial undertaking of the country and pattern of industrialization. It explains the approach of Government in context to the development of industrial sector.
Impacts of GST on FMCG sector with special reference to Cassandra Foods Priva...Vignesh Govindaraj
Research Paper - Impacts of GST on FMCG sector with special reference to Cassandra Foods Private Limited Company(OPC).
This paper is published in International Conference - Impact of GST organised by the Department Of BBA and Corporate, Loyola College, Chennai.
Paper presentation:
Done by: Mr. Vignesh & Mr. Sivakumar
This presentation is a outlook of the performance of Islami bank Bangladesh Limited. The presentation includes evaluation of fundamental criteria that a bank needs to analyze to check its performance.
An Analysis of Micro, Small and Medium Enterprises in IndiaABDUL MOIZZ
The presentation is about a brief study of MSME sector in India regarding GDP, employment and inclusive growth. The study also covers various challenges facing by this sector and also the governmental intervention for solutions of these challenges.
a ppt on indian financial system this ppt contains data till jan 2016.This ppt was made as a part of college presentation. I hope it helps you guys..........
The Indian MSME sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities. With around 48.8 million units throughout the geographical expanse of the country, MSMEs contribute around 7% of the manufacturing GDP and 31% of the GDP from service activities as well as 37% of India s manufacturing output and 40% of the overall exports.
Themicro, small and medium Enterprises (MSMEs) are the growth accelerators of the Indian economy and for promoting equitable development. The MSME contributes about 30% of the country’s gross domestic product (GDP). In terms of exports, they are an integral part of the supply chain and contribute about 40% of the overall exports.Micro Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. 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 & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The study aims to analyse the sustainability and success of MSME in India
Micro, Small and Medium Enterprises, Key Government Schemes and Initiatives to support MSMEs, Current Financing Landscape for MSMEs, Issues and Challenges for MSMEs
International Journal of Business and Management Invention (IJBMI)inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Empowering MSMEs through financing and linkagesMisbah Hussain
This reports aims to help the MSME sector, especially in
east and north-eastern parts of the country, better
understand the challenges and devise strategies accordinglyto deal with the odds.
An Overview of MSME Sector in India with Special Reference to the State of Ut...ijtsrd
MSMEs, considered as "Engines of Growth" are crucial for the economy of developing countries like India due to its potential of creating vast employment opportunities. This Sector has caught the attention of policy makers as it is labour intensive and has the potential of reducing the problem of regional imbalances, ensure financial independence of rural people and assist in sustainable development. The Micro, Small and Medium Enterprises in India is being largely viewed as vital to the economic growth of the country in the 21st century. The present paper will focus on existing scenario and trends of MSME in India. This paper studies the current status of MSME sector in India, its performance, various initiatives taken by the government to accelerate the growth of this sector, as well as the problems faced by the MSMEs in Indian economy. Additionally, this paper dedicates one section to the MSMEs sector in the state of Uttarakhand. The State of Uttarakhand is facing the dire problem of intense migration of people from the hilly terrain particularly due to lack of employment opportunities in the rural areas of Uttarakhand and Uttarakhand badly needs sustainable and inclusive industrial growth of all sub regions of the state. Hence, this paper also analyses the status of MSMEs in the state of Uttarakhand and outlines the problems faced and also recommends the measures that should be taken to promote this sector. The study is a review which was conducted with the help of secondary data retrieved from MSME Annual Reports, other government reports, newspapers and research papers. Simranjeet Kaur Virk | Pinnacci Negi "An Overview of MSME Sector in India with Special Reference to the State of Uttarakhand" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2 , February 2019, URL: https://www.ijtsrd.com/papers/ijtsrd21520.pdf
Paper URL: https://www.ijtsrd.com/management/public-sector-management/21520/an-overview-of-msme-sector-in-india-with-special-reference-to-the-state-of-uttarakhand/simranjeet-kaur-virk
The Prospects and Problems of MSMEs sector in India an Analytical studyinventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Impact of Globalization on MSME Prospects, Challenges and Policy Implementati...ijtsrd
Globalisation is bound to impact every economic activity -the small scale sector is no exception. Along with that World Trade Organisation W.T.O agreements and negotiations have thrown up a variety of challenges. The disturbing factor is that most of the small units are unaware of these agreements and negotiations and have no idea as to how they are going to affect them. With a view to build the capacity of the Indian micro, small and medium manufacturing enterprises for overcoming competition in the global markets and facing challenges being posed by the entry of the multi nationals in the domestic markets Government of India GoI has taken various policy measures. The current paper focuses on the contribution of MSMEs, prospects and problems for MSMEs in this highly competitive global era. Micro, Small and Medium Enterprises MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. 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, assuring more equitable distribution of national income and wealth, the process of globalization is an inevitable phenomenon in human history which has been bringing the world closer since the time of early trader and exploration through the exchange of goods, products, information, jobs, knowledge and culture. S. Chandra Sekhar | N. Radha "Impact of Globalization on MSME: Prospects, Challenges and Policy Implementation on Economic Growth" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29168.pdf Paper URL: https://www.ijtsrd.com/management/business-administration/29168/impact-of-globalization-on-msme-prospects-challenges-and-policy-implementation-on-economic-growth/s-chandra-sekhar
Review of Steps Taken by Government for MSME's in Digital Indiaijtsrd
The MSME sector is also known as growth engine of Indian economy, this sector is playing a major role in country' GDP by its contribution in service sector as well as in manufacturing sector, in many research studies, it has been identified that MSME sector is not getting government support in the manner it has to be. In this era of digitalization, the need of hour is "digital platforms" to ease out the process and easy access of information, so that Micro Small and Medium scale enterprises benefitted by it. This research paper has focused on the new digital initiatives taken by government of India to scale up MSME', and how these initiatives can benefit the Indian MSME sector. Dr. Parul Sharda"Review of Steps Taken by Government for MSME' in Digital India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd16988.pdf http://www.ijtsrd.com/management/general-management/16988/review-of-steps-taken-by-government-for-msme's-in-digital-india/dr-parul-sharda
Progress and performance of micro, small and medium enterprises in indiaRAVICHANDIRANG
Micro, small and medium enterprises are powerful segment of the industrial development of a country. These sectors performed well with multidimensional aspects of the socio-economic aspects. Growth and progress of MSME in India is an emerging aspects which directly associated with the sustainable development in the country. This article is focused on the Progress and Performance of Micro, Small and Medium Enterprises in India with reference to MSME in of India.
Cosmetic shop management system project report.pdfKamal Acharya
Buying new cosmetic products is difficult. It can even be scary for those who have sensitive skin and are prone to skin trouble. The information needed to alleviate this problem is on the back of each product, but it's thought to interpret those ingredient lists unless you have a background in chemistry.
Instead of buying and hoping for the best, we can use data science to help us predict which products may be good fits for us. It includes various function programs to do the above mentioned tasks.
Data file handling has been effectively used in the program.
The automated cosmetic shop management system should deal with the automation of general workflow and administration process of the shop. The main processes of the system focus on customer's request where the system is able to search the most appropriate products and deliver it to the customers. It should help the employees to quickly identify the list of cosmetic product that have reached the minimum quantity and also keep a track of expired date for each cosmetic product. It should help the employees to find the rack number in which the product is placed.It is also Faster and more efficient way.
About
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
• Remote control: Parallel or serial interface.
• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
Technical Specifications
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
Key Features
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
• Remote control: Parallel or serial interface
• Compatible with MAFI CCR system
• Copatiable with IDM8000 CCR
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
Application
• Remote control: Parallel or serial interface.
• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
Forklift Classes Overview by Intella PartsIntella Parts
Discover the different forklift classes and their specific applications. Learn how to choose the right forklift for your needs to ensure safety, efficiency, and compliance in your operations.
For more technical information, visit our website https://intellaparts.com
Student information management system project report ii.pdfKamal Acharya
Our project explains about the student management. This project mainly explains the various actions related to student details. This project shows some ease in adding, editing and deleting the student details. It also provides a less time consuming process for viewing, adding, editing and deleting the marks of the students.
Automobile Management System Project Report.pdfKamal Acharya
The proposed project is developed to manage the automobile in the automobile dealer company. The main module in this project is login, automobile management, customer management, sales, complaints and reports. The first module is the login. The automobile showroom owner should login to the project for usage. The username and password are verified and if it is correct, next form opens. If the username and password are not correct, it shows the error message.
When a customer search for a automobile, if the automobile is available, they will be taken to a page that shows the details of the automobile including automobile name, automobile ID, quantity, price etc. “Automobile Management System” is useful for maintaining automobiles, customers effectively and hence helps for establishing good relation between customer and automobile organization. It contains various customized modules for effectively maintaining automobiles and stock information accurately and safely.
When the automobile is sold to the customer, stock will be reduced automatically. When a new purchase is made, stock will be increased automatically. While selecting automobiles for sale, the proposed software will automatically check for total number of available stock of that particular item, if the total stock of that particular item is less than 5, software will notify the user to purchase the particular item.
Also when the user tries to sale items which are not in stock, the system will prompt the user that the stock is not enough. Customers of this system can search for a automobile; can purchase a automobile easily by selecting fast. On the other hand the stock of automobiles can be maintained perfectly by the automobile shop manager overcoming the drawbacks of existing system.
Overview of the fundamental roles in Hydropower generation and the components involved in wider Electrical Engineering.
This paper presents the design and construction of hydroelectric dams from the hydrologist’s survey of the valley before construction, all aspects and involved disciplines, fluid dynamics, structural engineering, generation and mains frequency regulation to the very transmission of power through the network in the United Kingdom.
Author: Robbie Edward Sayers
Collaborators and co editors: Charlie Sims and Connor Healey.
(C) 2024 Robbie E. Sayers
Final project report on grocery store management system..pdfKamal Acharya
In today’s fast-changing business environment, it’s extremely important to be able to respond to client needs in the most effective and timely manner. If your customers wish to see your business online and have instant access to your products or services.
Online Grocery Store is an e-commerce website, which retails various grocery products. This project allows viewing various products available enables registered users to purchase desired products instantly using Paytm, UPI payment processor (Instant Pay) and also can place order by using Cash on Delivery (Pay Later) option. This project provides an easy access to Administrators and Managers to view orders placed using Pay Later and Instant Pay options.
In order to develop an e-commerce website, a number of Technologies must be studied and understood. These include multi-tiered architecture, server and client-side scripting techniques, implementation technologies, programming language (such as PHP, HTML, CSS, JavaScript) and MySQL relational databases. This is a project with the objective to develop a basic website where a consumer is provided with a shopping cart website and also to know about the technologies used to develop such a website.
This document will discuss each of the underlying technologies to create and implement an e- commerce website.
Water scarcity is the lack of fresh water resources to meet the standard water demand. There are two type of water scarcity. One is physical. The other is economic water scarcity.
Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
Immunizing Image Classifiers Against Localized Adversary Attacksgerogepatton
This paper addresses the vulnerability of deep learning models, particularly convolutional neural networks
(CNN)s, to adversarial attacks and presents a proactive training technique designed to counter them. We
introduce a novel volumization algorithm, which transforms 2D images into 3D volumetric representations.
When combined with 3D convolution and deep curriculum learning optimization (CLO), itsignificantly improves
the immunity of models against localized universal attacks by up to 40%. We evaluate our proposed approach
using contemporary CNN architectures and the modified Canadian Institute for Advanced Research (CIFAR-10
and CIFAR-100) and ImageNet Large Scale Visual Recognition Challenge (ILSVRC12) datasets, showcasing
accuracy improvements over previous techniques. The results indicate that the combination of the volumetric
input and curriculum learning holds significant promise for mitigating adversarial attacks without necessitating
adversary training.
Gen AI Study Jams _ For the GDSC Leads in India.pdf
Growth and Future Prospects of MSME in India
1. International Journal of Advanced Engineering, Management and Science (IJAEMS) [Vol-4, Issue-8, Aug-2018]
https://dx.doi.org/10.22161/ijaems.4.8.5 ISSN: 2454-1311
www.ijaems.com Page | 608
Growth and Future Prospects of MSME in India
Priyadarshani Zanjurne
Assistant Professor, Modern Institute of Business Management, Shivajinagar, Pune
Abstract— In recent years, the significance of MSME has
been recognized in the world’s countries for its major
contribution in various socio-economic objectives such as
higher economic growth and employment, output, nurturing
entrepreneurship and encouragement and support for
exports. MSME play a vital role in the industrial
development of any country. The MSME sector is a
backbone of Indian economy for its contribution to growth
of Indian economy. This sector is very much important for
moves towards a faster and inclusive growth of country.
The MSME sector can help for achieving the target of
Nation Manufacturing Policy that manufacturing should
contribute 25% in India’s GDP by 2022. For that purpose,
the government of India has taken a good initiative of
“Make in India”. This paper is to focus on performance of
MSME & growth and opportunities. It is concluded that this
sector significantly contributes in employment, exports and
manufacturing output.
Keywords— MSME, Make in India, GDP, growth,
employment, opportunities.
I. INTRODUCTION
Micro, Small and Medium Enterprises (MSME) sector has
emerged as a highly vibrant and dynamic sector of the
Indian economy over the last five decades. (Murthy, 2016).
The MSME also play a important role in the development
of the economy with their effective, efficient, flexible and
innovative entrepreneurial spirit. (Dey, 2014). The MSME
sector contributes notably to the country’s overall industrial
production output, employment and exports. It is recognized
with generating the maximum employment growth as well
as accounting for a major share of industrial production and
exports. They have distinctive advantages due to their size
and they required low investment. They have relatively high
capital-labor ratio and they require a minimum gestation
period. They try to capture and focus smaller markets; they
make sure a more fair distribution of national income. They
make possible an effective utilization of capital and skill
resources and they motivate the growth of industrial
entrepreneurship. The MSME sector in India is vast
heterogeneous in terms of the size, variety of product and
services and level of technology. This sector is large
contributes to the socioeconomic development of the
country. The MSME sector is an important pillar of Indian
economy as it contributes greatly to growth of Indian
economy with a vast network of around 30 million units,
creating employment of about 70 million, manufacturing
more than 6000 products, contributing about 45% to
manufacturing output and about 40% of exports, directly
and indirectly. This sector even assumes greater importance
now as the country moves towards a faster and inclusive
growth agenda. Moreover, it is the MSME sector which can
help realize the target of proposed National Manufacturing
Policy of raising the share of manufacturing sector in GDP
from 16% at present to 25% by the end of 2022.
(PlanningCommission)1. The objective of paper is to find
current status of performance of MSMEs in India also to
examine the major challenges faced by MSMEs for
inclusive growth and to find the opportunities available for
development of this sector.
II. LITERATURE REVIEW
Venkatesh and Muthiah (2012) found that the role of
small and medium enterprises (SMEs) in the industrisal
sector is growing rapidly and they have become a thrust
area for future growth. This research emphasized that
development of SME sector is necessary for the economic
well-being of the nation. Also they focus on it is essential
that the entrepreneurs along with government support take
necessary steps for future development. The above literature
highlights at the various aspects viz. performance, growth
and challenges of MSMEs in Indian economy.
Dr. Meeravali S., K.Ramesh et al. (March 2017) found
that though MSME total working enterprises, employment
and market value of fixed assets grown at CAGR of 4.39%,
4.75% and 6.64% respectively, the contribution from
manufacturing and service sector MSME contribution to
GDP is -1.53% and 1.82% respectively. Researchers also
suggest that government has to adopt integrated policy,
1
The Planning Commission was an institution in the Government
of India, which formulated India's Five-Year Plans, among other
functions. In his first Independence Day speech in 2014, Prime
Minister Narendra Modi announced his intention to dissolve the
Planning Commission. It has since been replaced by a new
institution named NITI Aayog.
2. International Journal of Advanced Engineering, Management and Science (IJAEMS) [Vol-4, Issue-8, Aug-2018]
https://dx.doi.org/10.22161/ijaems.4.8.5 ISSN: 2454-1311
www.ijaems.com Page | 609
promote skill development to increase productivity and also
providing accessible credit through government sponsored
agency exclusively to MSME is essential to increase
productivity and contribution to economic growth.
Singh et al. (2012) analyzed the performance of SSI in
India and focued on policy changes which have opened new
opportunities for this sector. This study concluded that SSI
sector has made good progress in terms of number of SSI
units, production and employment levels. The study
recommended the emergence of technology development
and strengthening of financial infrastructure to boost SSI
and to achieve growth target.
OBJECTIVES:
The main objective of the paper is to evaluate the overall
growth and developments in the MSMEs sectors in India.
The second objective is to find key challenges faced by the
MSMEs sector as well as also to study future prospects of
MSMEs and Third objective is to examine government
initiative to regenerate the MSMEs sector.
III. RESEARCH METHODOLOGY
The current research study is based on “Exploratory” in
nature. The major emphasis in such study is on the
discovery of ideas and insight (Kothari, 1996). The study is
based in secondary data covering 18 years i.e. 2001 to 2018.
All financial data are compiled from MSMEs Annual
report, Government of India. Different articles and
information available in different journals and magazines
are also referred for compilation of this paper.
IV. CONCEPTS
Small Scale Industrial Unit (SSIs): As per the Government
of India (2000), the small scale undertakings are those
which are engaged in manufacturing, processing or
preservation of goods and in which the investment in fixed
assets, whether held on ownership terms, or on lease or by
hire purchase,does not exceeds Rs. 1 crore.
Micro Small Medium Enterprise (MSME): Micro, small
and medium enterprises as per MSMED Act, 2006 are
defined based on their investment in plant and machinery
(for manufacturing enterprise) and on equipment for
enterprises providing or rendering services. The present
ceilings on investment for enterprises to be classified as
micro, small and medium enterprises are as follows:
Classification Manufacturing Enterprises Service Enterprises
Micro Rs. 2.5 million/ Rs. 25 lakh Rs. 1 million/ Rs. 10 lakh
Small Rs. 50 million/ Rs. 5 crore Rs. 20 million / Rs. 2 crore
Medium Rs. 100 million / Rs. 10 crore Rs. 50 million / Rs. 5 crore
Source: MSME at a Glance, 2017
MSME at a Glance:
Sr.
No.
2006-07 2017-18*
Economic Parameter Registered Unregistered Total
1. No. of Enterprises (lakh) 15.53
(5.94% )
245.48
(94.06% )
261.01
(100.00% )
633.88
i) Manufacturing Enterprises 10.35 64.18 74.53 ----------
ii) Service Enterprises 5.18 181.30 186.48 -------------
2. Employment(lakh) 92.04 502.57 594.61 1109.89
i) Manufacturing Enterprises 79.85 224.22 304.07 -----------
ii) Service Enterprises 12.19 278.35 290.54 -----------
iii) Male 73.40 412.75 486.15 844.68
iv) Female 18.64 89.82 108.46 264.92
3. Average Employment per Unit
(number)
5.93 2.05 2.28 1.75
i) Manufacturing 7.71 3.49 4.08 ------
ii) Service 2.35 1.54 1.56 --------
4. Share in GDP (%) 35.13% 37.54
(2012-13)
5. Fixed Investment (Rs. Crore) 5,00,758
3. International Journal of Advanced Engineering, Management and Science (IJAEMS) [Vol-4, Issue-8, Aug-2018]
https://dx.doi.org/10.22161/ijaems.4.8.5 ISSN: 2454-1311
www.ijaems.com Page | 610
6. Employment per Rs. 1 lakh
investment in Fixed Investment
0.19
7. Source of Finance (No. in Lakh) 15.5 (6% ) 245.5 (94% ) 261 (100% )
No Finance/Self Finance 13.6 (88%) 228.5
(93%)
242.1
(93%)
Institutional Sources 1.7
(11%)
11.8
(5%)
13.5
(5%)
Non-Institutional Sources 0.2
(1%)
5.2
(2%)
5.4
(2%)
Sources: Quick Result of 4th All India Census of MSMEs, 2006-07
*AnnualReport of Ministry of MSME 2017-18
INTRODUCTION TO ENTREPRENEURS
MEMORANDUM (PART II):
As per the provision of the Micro, Small and Medium
Development Act (2006), MSMEs file Entrepreneurs
Memorandum (Part I) at DICs. After commencement of the
project, the entrepreneur concerned files Entrepreneurs
Memorandum (Part-II) / [EM-II]. Prior to enactment of the
Micro, Small & Medium Enterprises Development Act,
2006 (MSMED Act, 2006) there was a system of
registration by small scale industrial units to the DICs.
Now, filing of EM-II is discretionary for micro, small and
medium enterprise engaged in both manufacturing and
services. However, it is mandatory for med ium scale
enterprise engaged in manufacture or production of goods
pertaining to any industry specified in the First Schedule of
the ID&R Act, 1951.
Distribution of EM-II by Type of Enterprise
Out of the total EM-II filed, distribution among micro,
small and medium segments are as mentioned in the
following table
Table.1: Distribution of EM-II filed MSMEs by type of Enterprise
Year Micro Small Medium Total
2007-08 153110 16730 467 172703.00
2008-09 170262 18792 702 193026.00
2009-10 185180 23870 1409 213206.00
2010-11 205112 29125 1263 238429.00
2011-12 242539 34225 2949 282428.00
2012-13 275867 41502 5449 322818.00
2013-14 296526 59127 7338 362991.00
2014-15 346206 70933 8219 425358.00
Average 234350 36788 3475 276370
CAGR2 10.74% 19.79% 43.12% 11.93%
Source: Annual Report, 2016-17(Ministry of MSME, GoI)
The average growths of Micro, Small and Medium enterprises are 234350, 36788 and 3475 respectively with overall average
growth rate of 11.93%. The maximum growth was witnessed by medium s cale enterprises is 43.12%. At the year ending 2014-
15, there were 234350 micro enterprises with annual growth rate is 10.74%.
2 The compoundannual growthrate (CAGR) is the mean annual growth rateof an investment over a specifiedperiodof time longer thanone year.
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Fig.1: Total Number of EM-II filed
When the Micro, Small and Medium Enterprise Act were introduced in 2006, MSME in India always has shown a progressive
and positive growth. If we look in the above graph the total number of Entrepreneur Memorandum – II filed from 2007 to 2015
(Fig 1), it’s very clear that it is an upward moving trend.
Table.2: Status of working MSMEs, Employment, Investments and Gross Output in India
Year No. of
working
enterprise
employment
(in Lakh)
market value
of FAs (in
crore)
Gross
output (in
crore)
2001-02 105.21 249.33 154349 282270
2002-03 109.49 260.21 162317 314850
2003-04 113.95 271.42 170219 364547
2004-05 118.59 282.57 178699 429796
2005-06 123.42 294.91 188113 497842
2006-07 361.76 805.23 868543.79 1351383.45
2007-08 377.37 842.23 917437.46 1435179.26
2008-09 393.7 881.14 971407.49 1524234.83
2009-10 410.82 922.19 1029331.46 1619355.53
2010-11 428.77 965.69 1094893.42 1721553.42
2011-12 447.73 1012.59 1176939.36 1834332.05
2012-13 467.54 1,061.40 1,268,763.67 **
2013-14 488.46 1,114.29 1,363,700.54 **
2014-15 510.57 1,171.32 1,471,912.94 **
Average 318.3842857 723.8942857 786901.9379 1034122.14
CAGR 11.94% 11.68% 17.48% 14.30%
Source: MSME AnnualReport 2014-15, GoI
** Data Not Available
Note: From 2001-02 to 2005-06, the data for this period is small scale industries (SSI).
Performance of Micro, Small and Medium (MSME) sector is
assessed by conduct of periodic All India Census of the
sector. As per the results of Fourth All India Census of
MSME, the sector contributes significantly to the number of
enterprises, employment and output of the country. Based on
the data sets of Fourth All India Census of MSME,
augmented with data sets of EC, 2005 and growth rate
observed during Fourth (1998) and Fifth (2005) Economic
0
100
200
300
400
500
2007-082008-092009-102010-112011-122012-132013-142014-15
Thousands
Total no. of EM-II filed pertaining
Total no. of EM-II filed pertaining
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Census, the performance of MSME Sector is summarized as
below. It may be noted that the Fourth All India Census of
MSME, unregistered sector was assessed by conduct of
sample survey of the sector.
It is clear from the table No. 2 that number of enterprises,
employment, investment in fixed assets and gross out of
MSME units in India show an increasing trend over the
fourteen years. From FY 2006-07, figures includes activities
of wholesale/retail trade, legal, education & social services,
hotel & restaurants, transports and storage & warehousing
(except cold storage) for which data were extracted
Economic Census 2005, Central Statistics Office, MOSPI. -
Estimated on the basis of per enterprises value obtained from
sample survey of unregistered sector for activities
wholesale/retail trade, legal, education & social services,
hotel & restaurants, transports and storage &
warehousing(except cold storage) which were excluded from
Fourth All India Census of MSME, unregistered sector.
Number of enterprises and employment registered an annual
growth rate of 12% approximately Where as the value of
fixed assets growth rate of 17% approximately. The last 3
years gross output data is not available so growth rate from
2001 to 2012 is 14% approximately.
Table.3: Comparative growth rate of MSME sector and
Industrial Sector
Year Growth Rate of
overall Industry
Sector (% )
Growth rate of
MSME Sector
(% )
2000-01 5.00 8.00
2001-02 2.70 6.10
2002-03 5.70 8.68
2003-04 7.00 9.64
2004-05 8.40 10.80
2005-06 8.20 12.32
2006-07 11.60 12.60
2007-08 8.50 13.00
2008-09 12.80 10.30
2009-10 10.40 6.70
2010-11 7.40 4.40
2011-12 7.80 4.40
2012-13 6.85 5.60
2013-14 6.76 9.10
2014-15 6.54 8.56
2015-16 6.60 7.62
CAGR 1.81% 0.45%
Source: Annual Report of Ministry of MSME
In Table 3 shows that the overall growth of industrial sector
and the growth of MSMEs sector during sixteen years. This
two sectors shoes moderate to high growth rate during early
phase of this period. But early period of last six years growth
rate of MSMEs was greater than that of the overall industry
growth rate. And later on it is decreasing. In 2000-01, the
growth rate of MSMEs was 8.00 and it declined to 6.10 next
year, then it increasing to reach up to 13.00 of period 2007-
08. Later, it decreased and fell to a down of 4.4% in 2010-11
then increased up to 9.10.
MSME Growth rate of employment and enterprise by
sector
Comparison between SMEs contribution to GDP of India and some developed global economies:
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India needs to create 10 to 15 million job opportunities per
annum till 2030 to provide useful employment to its
population3. In budget 2018-19, the government largely
focused on MSMEs as the preferred route for rapid job
creation and self-employment. The MSME sectoremploys
over 111 million people and contributes nearly 31% of
India’s GDP4. The total number of enterprises in MSME
sectorwas 46 million with total employment of 106 million.
Current MSME employment rate is at 28% of the overall
employment. The current growth of MSME is non-uniform
and there exists a significant gap in growth of enterprises
across services and manufacturing sectors.Steps to lower
this gap must be taken for a balanced growth outlook.
V. PROBLEMS FACED BY MSMES
1. Absence of adequate credit from banks- The MSMEs
are faced more problem of credit from the banks. The
loan process of the banks is very lengthy, so much
documentation required with high cost processing fee.
The banks are not providing adequate amount of loan
to the MSME’s.
2. Competition from MNC’s- The MSME’s is facing the
huge competition from the multinational companies.
Because of multinational companies are providing
quality goods at low price.
3. Poor infrastructure- MSME’s are developing so
rapidly but there is lack of infrastructure facilities.
3 Planning Commission Report(2012) – Creatinga Vibrant
Entrepreneurial Ecosystem in India –Sunil Mitra
4 Business Standard,Budget 2018- CRISIL SME TRACKER:
Budget 2018's focus on MSMEs to spur job creation
Because of poor infrastructure, their production
capacity is very low with production cost is very high.
4. Unavailability Resources- Due to non availability of
raw materials, work force and other inputs in the
market. Therefore it is very difficult to produce the
products at affordable prices.
5. Lack of advanced technology- In the MSME’s sector,
there is a lack of awareness of advanced technologies
of production. They are using traditional methods for
producing goods.
6. Lack of distribution of marketing channels- MSME’s
not adopting innovative ideas for promotion of the
products distribution and advertisements. Because of
ineffective advertisement and poor marketing channels
leads to a very poor selling.
VI. FUTURE PROSPECTS OF MSMES
1. Employment generation: There are large opportunities
in the field of manufacturing and service rendering of
MSME’s. In the field of retail and manufacturing
sector, MSMEs are generating different and ample
amount of employment.
2. Focus on customer satisfaction: Primarily, MSMEs
manufacturing goods focus on test and preferences,
liking and disliking of the consumer. But now a day
they produce goods according to the needs or
expectations of the customers. So the MSMEs can be
more customer satisfaction oriented.
3. Minimization of regional imbalance: The MSMEs will
utilize the manpower of rural areas so such areas of the
nation can equally developed through the running of
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MSME units in rural areas. So this is helpful to
minimize or remove the regional imbalance.
4. Development of Export: In the international market,
there will be a large demand of Indian product like
wooden items, other handmade articles etc. So
MSMEs have the potential to improve the export of
India.
5. Attraction of Foreign Investment: The Indian MSMEs
are the growing sectors and their growth rate and
return on investment is satisfactory. This sector can
attract foreign investment in India , so their growth
rate increasing drastically.
VII. CONCLUSION
Micro, Small and Medium Enterprises contributes to
economic development of India in various ways such as
employment generation in rural and urban areas, providing
goods and services at affordable costs. The current Market
value of Indian MSMEs is $5 billion. It is estimated that in
terms of Market value, the sector accounts for about 45% of
the industrial output, 40% of total exports of the country,
45% industrial units, 42 million employment and more than
8000 products in Indian economy. Government of India has
taken various initiatives to make this sector more vibrant
and significant player in development of the Indian
economy. The definition and coverage of the MSME sector
was broadened MSME Development Act 2006 which
recognized concept of 'enterprise' to include both
manufacturing and service sector besides defining medium
enterprises setting up a Board for developing policy
frameworks and indicating procurement policy.
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