This document is a student project report on the role and impact of MSMEs in Odisha's economic development. It includes an introduction providing background on MSMEs in India and Odisha. The literature review covers past studies analyzing the growth of MSMEs in Odisha, challenges they face, and impact of policies. The objectives of the study are to assess MSMEs' current state, opportunities, and challenges and recommend interventions to support their growth. Key topics covered are defining MSMEs, Odisha's resources and industries, policies promoting MSMEs, and their contributions to employment and inclusive growth.
The pre-1990 Indian economy was characterized by a strong emphasis on protectionism, import substitution, and central planning. India's share of world income declined from 22.3% in 1700 to 3.8% by 1952 due to British colonial rule. After independence, the government prioritized heavy industry and public sector growth through five-year plans but saw limited success. Reforms began in the 1990s with liberalization of trade and investment policies to address fiscal and balance of payments crises, opening India's economy to globalization. Major reforms included trade liberalization, privatization, tax changes, and incentives for foreign investment and exports.
- India has the second largest telecom network and subscriber base in the world, with over 1 billion subscribers.
- The telecom market is split into mobile, fixed-line, and internet services segments, with mobile accounting for over 98% of subscriptions.
- Total telecom revenues have grown significantly over the past decade to reach nearly $40 billion, driven by strong growth in wireless subscriptions, broadband, and data usage.
India has strengths like a large agricultural sector, skilled workforce, and growing IT industry. However, weaknesses include high unemployment, poverty, and inadequate infrastructure. Opportunities exist in foreign investment, the large population as a consumer base, and sectors like IT. Threats are a slowing global economy, high deficits, population growth, and dependence on oil imports. A SWOT analysis finds that while India faces challenges, it also has significant opportunities to strengthen its economy by addressing weaknesses and capitalizing on its strengths and opportunities.
MSME Sector - Growth, Challenges & Opportunities Resurgent India
The document summarizes opportunities for growth in the MSME sector in India across various industries. It highlights that the MSME sector contributes significantly to India's GDP, exports, and employment. Key opportunities for MSMEs mentioned include in the electronics systems design and manufacturing industry, IT/ITeS sector, pharmaceutical industry, auto components sector, and other growing sectors like railways and defense. The document also outlines various government policies and initiatives to support the growth and development of MSMEs in India.
The document discusses the industrial sector in India, including its structure, types of industries, and policies that have shaped industrial development. It covers primary, intermediate, and consumer goods industries, as well as the public, private, and joint sectors. Industry is also categorized based on investment size and type of ownership. The major industrial policies that have been implemented in India include the Industrial Policy Resolutions, liberalization policies, Special Economic Zones Act, and Micro, Small and Medium Enterprises Development Act. Challenges facing small industries are also outlined.
This document outlines the key industrial policies of India from 1948 to 2015. It begins with introducing the meaning and need for industrial policies in India after independence. It then summarizes the objectives and highlights of each major industrial policy introduced in 1948, 1956, 1973, 1977, 1980, 1991 and 2010-2015. The impact of these successive policies included initial growth in the industrial sector post independence, periods of stagnation, and two major booms. The overall industrial growth rate over this period was around 5.81% annually. The conclusion emphasizes that industrial policies provide necessary guidelines and regulations to support smooth functioning of industries and economic development.
This document provides an overview of Bharti Airtel Ltd and the telecommunications industry. It discusses how Airtel is India's largest telecom company and one of the world's top five, offering mobile, wireless, broadband and other services. It then provides context on the growth of the global telecom industry, innovations in technology, and industry trends like consolidation. Finally, it outlines the growth of the Indian telecom market to over 200 million phone lines, making it one of the fastest growing in the world due to reforms and an independent regulatory body.
The pre-1990 Indian economy was characterized by a strong emphasis on protectionism, import substitution, and central planning. India's share of world income declined from 22.3% in 1700 to 3.8% by 1952 due to British colonial rule. After independence, the government prioritized heavy industry and public sector growth through five-year plans but saw limited success. Reforms began in the 1990s with liberalization of trade and investment policies to address fiscal and balance of payments crises, opening India's economy to globalization. Major reforms included trade liberalization, privatization, tax changes, and incentives for foreign investment and exports.
- India has the second largest telecom network and subscriber base in the world, with over 1 billion subscribers.
- The telecom market is split into mobile, fixed-line, and internet services segments, with mobile accounting for over 98% of subscriptions.
- Total telecom revenues have grown significantly over the past decade to reach nearly $40 billion, driven by strong growth in wireless subscriptions, broadband, and data usage.
India has strengths like a large agricultural sector, skilled workforce, and growing IT industry. However, weaknesses include high unemployment, poverty, and inadequate infrastructure. Opportunities exist in foreign investment, the large population as a consumer base, and sectors like IT. Threats are a slowing global economy, high deficits, population growth, and dependence on oil imports. A SWOT analysis finds that while India faces challenges, it also has significant opportunities to strengthen its economy by addressing weaknesses and capitalizing on its strengths and opportunities.
MSME Sector - Growth, Challenges & Opportunities Resurgent India
The document summarizes opportunities for growth in the MSME sector in India across various industries. It highlights that the MSME sector contributes significantly to India's GDP, exports, and employment. Key opportunities for MSMEs mentioned include in the electronics systems design and manufacturing industry, IT/ITeS sector, pharmaceutical industry, auto components sector, and other growing sectors like railways and defense. The document also outlines various government policies and initiatives to support the growth and development of MSMEs in India.
The document discusses the industrial sector in India, including its structure, types of industries, and policies that have shaped industrial development. It covers primary, intermediate, and consumer goods industries, as well as the public, private, and joint sectors. Industry is also categorized based on investment size and type of ownership. The major industrial policies that have been implemented in India include the Industrial Policy Resolutions, liberalization policies, Special Economic Zones Act, and Micro, Small and Medium Enterprises Development Act. Challenges facing small industries are also outlined.
This document outlines the key industrial policies of India from 1948 to 2015. It begins with introducing the meaning and need for industrial policies in India after independence. It then summarizes the objectives and highlights of each major industrial policy introduced in 1948, 1956, 1973, 1977, 1980, 1991 and 2010-2015. The impact of these successive policies included initial growth in the industrial sector post independence, periods of stagnation, and two major booms. The overall industrial growth rate over this period was around 5.81% annually. The conclusion emphasizes that industrial policies provide necessary guidelines and regulations to support smooth functioning of industries and economic development.
This document provides an overview of Bharti Airtel Ltd and the telecommunications industry. It discusses how Airtel is India's largest telecom company and one of the world's top five, offering mobile, wireless, broadband and other services. It then provides context on the growth of the global telecom industry, innovations in technology, and industry trends like consolidation. Finally, it outlines the growth of the Indian telecom market to over 200 million phone lines, making it one of the fastest growing in the world due to reforms and an independent regulatory body.
Problem and challenges of indian EconomyDishank Bhatt
The document summarizes several key economic problems and challenges facing the Indian economy. It discusses high inflation rates between 8-10% despite economic slowdowns, a growing population that is exceeding food and resource supplies, high levels of corruption, widespread poverty with over 20% of Indians living below the poverty line, high unemployment rates, slowing economic growth rates, an inefficient agricultural sector employing over half the workforce, high income inequality where over 78 million homes lack electricity, and literacy rates below 50% especially for women in rural areas. These interrelated problems threaten India's ability to provide for its population and achieve further economic development.
This document summarizes the structural changes in the Indian economy after liberalization. It discusses how the Indian economy transitioned from a predominantly state-run economy to a mixed economy with a larger private sector role after 1991. The key policies driving this transition included liberalization, privatization, and opening the economy to global trade and investment. Liberalization reduced licensing requirements and other regulations, privatization sold state-owned enterprises to private owners, and globalization made the economy more open internationally. These reforms aimed to increase economic growth by enhancing competition and private sector participation in the economy.
Agriculture Storage and Warehousing with Cold StorageAjjay Kumar Gupta
Agriculture Storage and Warehousing with Cold Storage- India Set to see Rs. 45,000 Crores Investments in Warehousing by 2020
A warehouse describes a facility serving the purpose of storing goods. In ecommerce, warehouses are mainly used to keep items on stock to make sure the short delivery times needed can be fulfilled. Agriculture, which is the backbone of Indian economy contributes to the overall economic growth of the country and determines the standard of life for more than 50% of the Indian population. India holds the second largest agricultural land in the world with approximately 179.9 million hectares under cultivation. The country has emerged as a major player in agriculture in the global scenario.
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Niir Project Consultancy Services
An ISO 9001:2015 Company
106-E, Kamla Nagar, Opp. Spark Mall,
New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886, 8800733955
Mobile: +91-9811043595
Website: www.entrepreneurindia.co , www.niir.org
Tags
How to Start a Warehouse, Cold Storage, Agriculture Warehousing in India, How to Start a Warehousing Business, Starting Warehousing and Distribution Service, Start Your own Warehousing and Distribution Business, Agricultural Marketing, Storage and Warehousing, Distribution Warehouse, Business Ideas, Start Cold Storage, How to Start Cold Storage Warehouse Business in India, Warehousing Business Opportunities in India, How to Start a Warehouse in India, Warehouse Business India, Agri Warehousing Industry in India, Agricultural Warehousing, Warehousing in India for Agriculture, Scope of Warehousing Business in India, Warehouse Business Plan, Indian Warehousing Industry, How can I Start a Warehouse, Cold Storage or Carrying Forwarding Business in India? Warehousing Services Business Opportunity in India, Investment Opportunity in Warehousing Business in India, Emerging Opportunities in Warehousing Industry in India, Agricultural Storage Infrastructure in India, Storage and Warehousing Industry in India, How to Start a Cold Storage Business, Business Plan for Cold Storage & Warehouse, Cold Storage Business Plan Pdf, Cold Storage Business Cost, Cold Storage Business Opportunity, Cold Storage Profit Margin, Cold Storage Investment Cost, Profit in Cold Storage Business in India, How to Start a Cold Storage Unit in India, Cold Storage and Cold Chain Business in India, Cold Storage Unit, Cold Storage project ideas, Projects on Small Scale Industries, Small scale industries projects ideas, New project profile on Cold Storage, Project Report on Cold Storage, Detailed Project Report on Agricultural Warehousing Business, Project Report on Agricultural Warehousing Business, Pre-Investment Feasibility Study on Cold Storage, Techno-Economic feasibility study on Agricultural Warehousing Business
This document is a letter to shareholders from Infosys summarizing the company's financial performance for fiscal year 2013. It states that Infosys achieved 19.6% revenue growth in rupees and 5.8% growth in US dollars over the previous fiscal year. Net income grew 13.3% in rupees and 0.5% in US dollars. The letter provides details on revenue and clients by geographic region, new facilities, acquisitions, key contracts won, and performance of business units.
Economic planning in India began in 1950 to address issues like poverty, low income, population growth, and problems from the country's partition. The Planning Commission oversees five-year plans that aim to boost economic growth, reduce inequality, spur modernization and development, and generate employment. The 11th five-year plan seeks to double per capita income by 2017 through 10% annual GDP growth, raise farm output, cut unemployment, and improve literacy, women's status, the environment, and other social indicators.
This document is a project report submitted by Monalisa Bhavesh Patel on human resource management at Aditya Birla Group. It provides an introduction to Aditya Birla Group, describing its vision, mission, values and global presence. It also discusses the group's activities beyond business including community development initiatives. The document then provides details about UltraTech Cement Limited, a subsidiary of Aditya Birla Group, including its plant profile and industry profile. It focuses on people management practices at UltraTech Cement.
Big Bazaar is an Indian retail chain operated by Pantaloon Retail that aims to provide affordable products to India's middle class. It was launched in 2001 by Kishore Biyani and pioneered organized retail in India. Big Bazaar uses strategies like low pricing, private label brands, and bulk discounts to attract customers. It has established over 100 stores across India and aims to continue its expansion through new store formats. Big Bazaar analyzes customer insights to tailor its products, promotions, and store layouts to Indian shopping preferences.
A good slide on export vs import it will help you more to understand about export vs import. just look at this slide and you automatically see how worthy this slides are . Thank you
(1) The document analyzes the interaction between operating risk and financial risk for Central Equipment Company. It focuses on how operating conditions and risks affect a firm's borrowing decision.
(2) The instructor can illustrate the concepts of operating and financial risk through break-even analysis and examining how changes in sales and profits affect earnings per share under different capital structures.
(3) The analysis shows how operating leverage and financial leverage impact the company's risk as sales and profits fluctuate. It demonstrates the risks of both low and high debt levels for a company with volatile operations.
The document provides an overview of the cooperative sector in India and professional opportunities within it. It discusses the history and meaning of cooperatives, principles, types of cooperative societies, statutes governing them, and sector-wise classification. It also describes producer companies and the differences between cooperatives and producer companies. Finally, it outlines various professional opportunities for accountants within the cooperative sector, such as drafting bye-laws, registrations, consultancy, compliance work, auditing, and developing expertise through publications and conferences.
The document discusses the manufacturing sector's contribution to India's GDP. It provides an overview of GDP growth rates over the past 8 years, the different sectors that contribute to GDP, and the top performing manufacturing sectors. It also discusses the manufacturing sector's role in employment, key government initiatives, and challenges faced. It concludes by outlining expectations for moderate to low growth across most manufacturing sectors in 2012-13, and the potential for the sector to absorb workers and increase incomes.
1. Agriculture is the backbone of the Indian economy, contributing around 16% to GDP and employing over 75% of the rural population.
2. India is the second largest producer of farm output globally and the largest producer of milk, cashews, coconuts, tea, and several other crops.
3. Agriculture has played a crucial role in meeting India's food needs and making the country self-sufficient in food grains production.
This document summarizes strategies for businesses to profitably serve customers at the bottom of the economic pyramid. It discusses C.K. Prahalad's concept of the bottom of the pyramid referring to billions of people living on less than $2 per day. Companies like ICICI Bank and Jaipur Rugs are highlighted for developing innovative and sustainable business models that provide employment, financial services, and products to low-income consumers while also generating profits. The challenges of maintaining a large grassroots workforce and meeting international standards are also noted.
The services sector is the largest and fastest growing sector in India, contributing over half of India's GDP. It has seen major growth since independence and includes trade, hotels, transport, finance, and community services. Information technology and IT-enabled services like call centers have been large drivers of growth, with the IT sector contributing about 10% of GDP. The services sector employs more people than any other sector and will continue growing due to factors like low costs, government support, and expanding digital technologies. However, there are some concerns around continued political opposition and competition from other countries.
The document outlines India's major industrial policies since 1948. The 1948 policy emphasized increasing production and equitable distribution. The 1956 policy aimed to accelerate growth, develop heavy industries, and reduce wealth disparities. The 1977 policy focused on small industries, foreign investment, sick industries, and labor relations. The 1980 policy targeted optimizing capacity utilization and employment. The 1991 policy aimed to make India a global player through international competitiveness, export promotion, and reducing dependence on imports. It liberalized licensing, investment, and the public sector.
India has the second largest amount of agricultural land globally at 179.9 million hectares. It produces a variety of crops due to diverse climatic conditions and soil types. Food grain production reached an all-time high of 259 million tonnes in FY12, with rice and wheat production at 105 and 95 million tonnes respectively. Growing population and incomes are driving demand for agricultural output. The government is undertaking various initiatives to boost production such as increasing irrigation, promoting mechanization, and providing support prices.
Cobb Douglas production function in excel
Yi=a X1i^b1 X2i^b2 X3i^b3 e^ui
Where,
Y= dependent variable
X=explanatory(independent)variable
a=intercept
bi are regression coefficients
e=2.718………….
u=error term Follows N(0,constant variance)
This function is non linear in parameters so to make it linear in parameters apply ln both sides then equation looks like
lnYi=lna+ b1lnX1i +b2lnX2i +b3lnX3i+ui
Steps
1. Open Excel, Give Variable Names and Provide Data
2. Apply Logarithmic Transformation to the Data
3. Go to Data analysis
4. Get Output
Growth and Future Prospects of MSME in IndiaIJAEMSJORNAL
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
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.
Problem and challenges of indian EconomyDishank Bhatt
The document summarizes several key economic problems and challenges facing the Indian economy. It discusses high inflation rates between 8-10% despite economic slowdowns, a growing population that is exceeding food and resource supplies, high levels of corruption, widespread poverty with over 20% of Indians living below the poverty line, high unemployment rates, slowing economic growth rates, an inefficient agricultural sector employing over half the workforce, high income inequality where over 78 million homes lack electricity, and literacy rates below 50% especially for women in rural areas. These interrelated problems threaten India's ability to provide for its population and achieve further economic development.
This document summarizes the structural changes in the Indian economy after liberalization. It discusses how the Indian economy transitioned from a predominantly state-run economy to a mixed economy with a larger private sector role after 1991. The key policies driving this transition included liberalization, privatization, and opening the economy to global trade and investment. Liberalization reduced licensing requirements and other regulations, privatization sold state-owned enterprises to private owners, and globalization made the economy more open internationally. These reforms aimed to increase economic growth by enhancing competition and private sector participation in the economy.
Agriculture Storage and Warehousing with Cold StorageAjjay Kumar Gupta
Agriculture Storage and Warehousing with Cold Storage- India Set to see Rs. 45,000 Crores Investments in Warehousing by 2020
A warehouse describes a facility serving the purpose of storing goods. In ecommerce, warehouses are mainly used to keep items on stock to make sure the short delivery times needed can be fulfilled. Agriculture, which is the backbone of Indian economy contributes to the overall economic growth of the country and determines the standard of life for more than 50% of the Indian population. India holds the second largest agricultural land in the world with approximately 179.9 million hectares under cultivation. The country has emerged as a major player in agriculture in the global scenario.
See more
https://goo.gl/xLCFSu
https://goo.gl/qH2fHg
https://goo.gl/38Dp9V
https://goo.gl/4DyvZ5
Contact us:
Niir Project Consultancy Services
An ISO 9001:2015 Company
106-E, Kamla Nagar, Opp. Spark Mall,
New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886, 8800733955
Mobile: +91-9811043595
Website: www.entrepreneurindia.co , www.niir.org
Tags
How to Start a Warehouse, Cold Storage, Agriculture Warehousing in India, How to Start a Warehousing Business, Starting Warehousing and Distribution Service, Start Your own Warehousing and Distribution Business, Agricultural Marketing, Storage and Warehousing, Distribution Warehouse, Business Ideas, Start Cold Storage, How to Start Cold Storage Warehouse Business in India, Warehousing Business Opportunities in India, How to Start a Warehouse in India, Warehouse Business India, Agri Warehousing Industry in India, Agricultural Warehousing, Warehousing in India for Agriculture, Scope of Warehousing Business in India, Warehouse Business Plan, Indian Warehousing Industry, How can I Start a Warehouse, Cold Storage or Carrying Forwarding Business in India? Warehousing Services Business Opportunity in India, Investment Opportunity in Warehousing Business in India, Emerging Opportunities in Warehousing Industry in India, Agricultural Storage Infrastructure in India, Storage and Warehousing Industry in India, How to Start a Cold Storage Business, Business Plan for Cold Storage & Warehouse, Cold Storage Business Plan Pdf, Cold Storage Business Cost, Cold Storage Business Opportunity, Cold Storage Profit Margin, Cold Storage Investment Cost, Profit in Cold Storage Business in India, How to Start a Cold Storage Unit in India, Cold Storage and Cold Chain Business in India, Cold Storage Unit, Cold Storage project ideas, Projects on Small Scale Industries, Small scale industries projects ideas, New project profile on Cold Storage, Project Report on Cold Storage, Detailed Project Report on Agricultural Warehousing Business, Project Report on Agricultural Warehousing Business, Pre-Investment Feasibility Study on Cold Storage, Techno-Economic feasibility study on Agricultural Warehousing Business
This document is a letter to shareholders from Infosys summarizing the company's financial performance for fiscal year 2013. It states that Infosys achieved 19.6% revenue growth in rupees and 5.8% growth in US dollars over the previous fiscal year. Net income grew 13.3% in rupees and 0.5% in US dollars. The letter provides details on revenue and clients by geographic region, new facilities, acquisitions, key contracts won, and performance of business units.
Economic planning in India began in 1950 to address issues like poverty, low income, population growth, and problems from the country's partition. The Planning Commission oversees five-year plans that aim to boost economic growth, reduce inequality, spur modernization and development, and generate employment. The 11th five-year plan seeks to double per capita income by 2017 through 10% annual GDP growth, raise farm output, cut unemployment, and improve literacy, women's status, the environment, and other social indicators.
This document is a project report submitted by Monalisa Bhavesh Patel on human resource management at Aditya Birla Group. It provides an introduction to Aditya Birla Group, describing its vision, mission, values and global presence. It also discusses the group's activities beyond business including community development initiatives. The document then provides details about UltraTech Cement Limited, a subsidiary of Aditya Birla Group, including its plant profile and industry profile. It focuses on people management practices at UltraTech Cement.
Big Bazaar is an Indian retail chain operated by Pantaloon Retail that aims to provide affordable products to India's middle class. It was launched in 2001 by Kishore Biyani and pioneered organized retail in India. Big Bazaar uses strategies like low pricing, private label brands, and bulk discounts to attract customers. It has established over 100 stores across India and aims to continue its expansion through new store formats. Big Bazaar analyzes customer insights to tailor its products, promotions, and store layouts to Indian shopping preferences.
A good slide on export vs import it will help you more to understand about export vs import. just look at this slide and you automatically see how worthy this slides are . Thank you
(1) The document analyzes the interaction between operating risk and financial risk for Central Equipment Company. It focuses on how operating conditions and risks affect a firm's borrowing decision.
(2) The instructor can illustrate the concepts of operating and financial risk through break-even analysis and examining how changes in sales and profits affect earnings per share under different capital structures.
(3) The analysis shows how operating leverage and financial leverage impact the company's risk as sales and profits fluctuate. It demonstrates the risks of both low and high debt levels for a company with volatile operations.
The document provides an overview of the cooperative sector in India and professional opportunities within it. It discusses the history and meaning of cooperatives, principles, types of cooperative societies, statutes governing them, and sector-wise classification. It also describes producer companies and the differences between cooperatives and producer companies. Finally, it outlines various professional opportunities for accountants within the cooperative sector, such as drafting bye-laws, registrations, consultancy, compliance work, auditing, and developing expertise through publications and conferences.
The document discusses the manufacturing sector's contribution to India's GDP. It provides an overview of GDP growth rates over the past 8 years, the different sectors that contribute to GDP, and the top performing manufacturing sectors. It also discusses the manufacturing sector's role in employment, key government initiatives, and challenges faced. It concludes by outlining expectations for moderate to low growth across most manufacturing sectors in 2012-13, and the potential for the sector to absorb workers and increase incomes.
1. Agriculture is the backbone of the Indian economy, contributing around 16% to GDP and employing over 75% of the rural population.
2. India is the second largest producer of farm output globally and the largest producer of milk, cashews, coconuts, tea, and several other crops.
3. Agriculture has played a crucial role in meeting India's food needs and making the country self-sufficient in food grains production.
This document summarizes strategies for businesses to profitably serve customers at the bottom of the economic pyramid. It discusses C.K. Prahalad's concept of the bottom of the pyramid referring to billions of people living on less than $2 per day. Companies like ICICI Bank and Jaipur Rugs are highlighted for developing innovative and sustainable business models that provide employment, financial services, and products to low-income consumers while also generating profits. The challenges of maintaining a large grassroots workforce and meeting international standards are also noted.
The services sector is the largest and fastest growing sector in India, contributing over half of India's GDP. It has seen major growth since independence and includes trade, hotels, transport, finance, and community services. Information technology and IT-enabled services like call centers have been large drivers of growth, with the IT sector contributing about 10% of GDP. The services sector employs more people than any other sector and will continue growing due to factors like low costs, government support, and expanding digital technologies. However, there are some concerns around continued political opposition and competition from other countries.
The document outlines India's major industrial policies since 1948. The 1948 policy emphasized increasing production and equitable distribution. The 1956 policy aimed to accelerate growth, develop heavy industries, and reduce wealth disparities. The 1977 policy focused on small industries, foreign investment, sick industries, and labor relations. The 1980 policy targeted optimizing capacity utilization and employment. The 1991 policy aimed to make India a global player through international competitiveness, export promotion, and reducing dependence on imports. It liberalized licensing, investment, and the public sector.
India has the second largest amount of agricultural land globally at 179.9 million hectares. It produces a variety of crops due to diverse climatic conditions and soil types. Food grain production reached an all-time high of 259 million tonnes in FY12, with rice and wheat production at 105 and 95 million tonnes respectively. Growing population and incomes are driving demand for agricultural output. The government is undertaking various initiatives to boost production such as increasing irrigation, promoting mechanization, and providing support prices.
Cobb Douglas production function in excel
Yi=a X1i^b1 X2i^b2 X3i^b3 e^ui
Where,
Y= dependent variable
X=explanatory(independent)variable
a=intercept
bi are regression coefficients
e=2.718………….
u=error term Follows N(0,constant variance)
This function is non linear in parameters so to make it linear in parameters apply ln both sides then equation looks like
lnYi=lna+ b1lnX1i +b2lnX2i +b3lnX3i+ui
Steps
1. Open Excel, Give Variable Names and Provide Data
2. Apply Logarithmic Transformation to the Data
3. Go to Data analysis
4. Get Output
Growth and Future Prospects of MSME in IndiaIJAEMSJORNAL
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
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.
1. The document discusses the Micro, Small and Medium Enterprises (MSME) sector in India, including its definition, role, performance, government policies, and problems.
2. It notes that MSMEs contribute significantly to India's GDP, exports, manufacturing output, and employment. However, they also face problems like access to finance, technology, and markets.
3. The government has implemented various policies and programs to promote the MSME sector through improved access to credit, infrastructure, and skills training. However, challenges remain around access to new technologies and markets 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.
This document provides a summary of a capstone project report submitted by 9 students on the status of small scale industries (SSIs) in the state of Gujarat, India. The report includes an executive summary, acknowledgements, table of contents, and 7 chapters analyzing various aspects of SSIs in Gujarat such as difficulties faced, use of information technology, financial structure, accountability, and conclusions. Site visits were conducted to 200 small enterprises across Gujarat to gather data for the study.
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
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.
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
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sector came about primarily due to the vision of our late Prime Minister Jawaharlal Nehru who sought to develop core
industry and have a supporting sector in the form of small scale enterprises. Small scale sector has emerged as a dynamic and
vibrant sector of the economy. The sector contribution to employment is next only to agriculture in India. It is therefore an
excellent sector of economy for investment. Already we have seen that how small scale industries are playing significant role in
the economy. As we discussed above the importance and institutional framework of India and Gujarat, government of India
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Gujarat and government of India this sector is not raising as accepted to other countries and economy. Now we knew that how
small scale industries is playing important role in economy. We have accepted its importance. Inspire of its importance, the
small scale sector is beset with the problems of finding facilities given by financial institutions, nationalized banks, private
banks, co-operative banks and public sector banks.
RIMSR Blue print on MSME, Skill Development,Project Management Prof. Harsha Kestur
RIMSR Quarterly news letter on MSME conference & skill development programs.
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This document discusses micro, small and medium enterprises (MSMEs) in India and their role in the developing economy. It reviews literature on the challenges facing MSMEs, including lack of access to financing, high costs of credit, and inability to meet quality standards. MSMEs contribute significantly to employment but face difficulties in growing. The document aims to understand factors preventing MSME growth and recommend policy solutions to support the sector's potential and allow MSMEs to contribute more to India's development.
Growth of Micro, Small and Medium Enterprises in Manipurinventionjournals
Economic development and industrial development is considered as synonym and entrepreneurs play a major role in industrial development. Micro, Small and Medium Enterprises (MSMEs) extend to the necessary support and compliment to the beneficial effects of industrialization. Entrepreneurship is an important segment of economic growth and micro, small and medium enterprises play a key role in the industrialization of a state. It will also leads to economic development creating vast employment opportunities, redistribution of economic power and income, raising the standard of living for the people and also leads to reduction of regional imbalances, disparities in income, wealth and consumption etc. Manipur has got many areas of strength and opportunities that can raise the state into a developed state with the help of entrepreneurship and micro, small and medium enterprises are an important segment of the economy contributing substantially in the form of production, employment and exports. Numbers of registered industrial units fluctuates each year and this paper attempt to study the level of growth of these enterprises in the state. This paper also attempts to highlight the strength and weaknesses with the overview growth of micro, small and medium enterprises in Manipur.
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
The document discusses Micro, Small, and Medium Enterprises (MSMEs) in India. It defines MSMEs and notes they are an important sector for India's economy, generating employment and contributing to development. The National Board for MSMEs oversees their promotion and enhancement. The government plays a key role in MSME development through various schemes and programs. Major schemes support innovation, skills training, and access to credit. Statutory bodies like the National Institute for MSMEs provide support through research, training, and technology centers.
The document discusses the sustainability and success of MSMEs in India. Some key points:
- MSMEs are the backbone of India's socio-economic development, contributing about 30% of GDP and 40% of exports. They provide large employment opportunities.
- Recently, the government revised the classification criteria for MSMEs to include both investment levels and turnover.
- Studies have found that MSMEs have consistently contributed to the country's growth despite challenges. However, they need more support like access to finance, technology, and skills to improve competitiveness.
- Data shows that the number of MSME units and people employed has increased over time, but their contribution to GDP and exports has slowly
The Relevance of Working Capital, Financial Literacy and Financial Inclusion ...AJHSSR Journal
ABSTRACT : The development of the number of micro and small business actors in Indonesia is very fast,
but currently Micro, Small and Medium-Sized Enterprises are still in the small business zone and have
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sustainability. Relevance does not directly provide evidence if high working capital is proven as a trigger for
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through financial performance.
KEYWORDS - Financial literacy, inclusion, performance, sustainability, working capital
SMEDA Pakistan (Small and Medium Enterprise Development Authority) was established in 1998 by the Government of Pakistan to support the development of small and medium enterprises. It provides business development services, conducts sector studies, and facilitates access to financing for SMEs. SMEDA works to improve the business environment for SMEs and acts as an advisory body to the government on SME policies and issues. It has overseen various phases of operations focused on different sectors and services over the years.
Role of msme in indian economic developmentKushal Kumar
This document discusses the role of micro, small, and medium enterprises (MSMEs) in India's economic development. Some key points:
1) MSMEs are a major source of employment in India, providing millions of jobs and playing an important role in reducing poverty.
2) They account for about 45% of manufacturing output and 40% of exports in India. MSMEs employ over 60 million people across more than 26 million units.
3) The number of MSMEs, production, employment, exports, and investments have all steadily increased over the past few decades, demonstrating their significant contributions to India's economic growth.
MSMEs role in driving the make in india initiativeSeilan Anbu
The document discusses the important role that Micro, Small, and Medium Enterprises (MSMEs) play in driving India's "Make in India" initiative, contributing approximately 45% of manufacturing output, 40% of exports, and employing over 36 million people. MSMEs promote balanced regional development, generate most non-farm jobs, and contribute to sustainable development. The government supports MSMEs through various programs and policies to strengthen the sector and help realize the growth opportunities it presents.
Micro, Small and Medium Enterprises, Key Government Schemes and Initiatives to support MSMEs, Current Financing Landscape for MSMEs, Issues and Challenges for MSMEs
Similar to Role and Impact of MSME's Sector in the Economic Development of Odisha (20)
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Watch the video recording at https://youtu.be/5vjwGfPN9lw
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Role and Impact of MSME's Sector in the Economic Development of Odisha
1. Biju Patnaik College of Sci. & Edu.
SUBJECT-
TOPIC-
ROLE AND IMPACT OF MSME's SECTOR IN THE ECONOMIC DEVELOPMENT OF ODISHA
Business Research Methods and Project work
SUBMITTED BY-
NAME- R.DINESH RAO
YEAR- +3 6th SEMESTER
ROLL NO-2003010190290001
GUIDED BY -
MR.SANDEEP KUMAR DAS
LECTURER IN COMMERCE
B
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A
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K
(
D EGREE) COLLEGE OF SCIENCE
A
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D
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D
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C
A
T
I
O
N
2. CERTIFICATE
R.DINESH RAO
MR.SANDEEP KUMAR DAS
LECTURER IN COMMERCE
EXTERNAL
THIS IS CERTIFY THAT R.DINESH RAO, A
STUDENT OF +3 6TH SEMESTER HAS
SUCCESSFULLY COMPLETED THE PROJECT ON
ROLE AND IMPACT OF MSMES SECTOR IN THE
ECONOMIC DEVELOPMENT OF ODISHA UNDER
THE GUIDANCE OF MR.SANDEEP KUMAR DAS
(LECTURE IN COMMERCE) DURING YEAR 2022-23
IN PARTIAL FULFILLMENT OF BUSINESS
RESEARCH METHODS AND PROJECT WORK
CONDUCTED BY UTKAL UNIVERSITY
BHUBANESWAR.
3. DECLARATION
I HERE DECLARE THAT THE PROJECT ENTITLED “ROLE
AND IMPACT OF MSME’s SECTOR IN THE ECONOMIC
DEVELOPMENT OF ODISHA” SUBMITTED BY ME TO THE
UTKAL UNIVERSITY,VANI-VIHAR,BHUBANESWAR, IN
PARTIAL FULFILMENT OF THE REQUIRED FOR THE
DEGREE IN B.COM. THIS RECORD OF BONFIDE PROJECT
WORK CARRIED OUT BY ME UNDER THE GUIDANCE OF
MR.SANDEEP KUMAR DAS.
I ALSO DECLARE THAT THE PROJECT REPORT HAS
NOT BEEN PREVIOUSLY SUBMITTED TO ANY OTHER
UNIVERSITY.
R.DINESH RAO
UNIVERSITY ROLL NO-2003010190290001
4. ACKNOWLEDGEMENT
R.DINESH RAO
I TAKE THE OPPORTUNITY TO EXPRESS OUR
GRATITUDE TO ALL THE CONCERNED PEOPLE WHO
HAVE DIRECTLY OR INDIRECTLY CONTRIBUTED
TOWARDS COMPLETION OF THIS PROJECT. I EXTEND
MY SINCERE GRATITUDE TOWARDS HAL FOR
PROVIDING THE OPPORTUNITY AND RESOURCES TO
WORK ON THIS PROJECT.
I AM EXTREMELY GRATEFUL TO ALL THE FACULTY
OF UTKAL UNIVERSITY, WHOSE INSIGHT
ENCOURAGE ME TO GO BEYOND THE SCOPE OF
PROJECT AND THIS BROADENED ME LEARNING ON
THIS PROJECT.
I ALSO WANT TO SHOW MY GRATITUDE TO WHOSE
INSIGHT HELPED ME TO COMPLETE THIS PROJECT.
5. HEADING SUB HEADING
1.INTRODUCTION MEANING OF MSME
2.LITERATURE REVIEW
3.RESEARCH GAP
POLICIES
•INDUSTRIAL POLICY
•MSME's DEVELOPMENT POLICY
•ODISHA FOOD PROCESSING POLICY
•ODISHA START-UP POLICY
•ODISHA PROCUREMENT PREFERENCE
POLICY
4.OBJECTIVE OF THE
STUDY
5.METHODOLOGY TOOLS AND TECHNIQUES
6.ANALYSIS
INTERPRETATION
•TABLE-1
•GRAPH-1
•GRAPH-2
•GRAPH-3
•GRAPH-4
•GRAPH-5
•OPPORTUNITIES AND POTENTIATITIES
IN MSME’s
•CHALLENGES FACED BY MSME’s
7.CONCLUSION
8.REFERENCE
CONTENTS
CONTENTS
CONTENTS
PROJECT PAGE
6. MSME plays a vital role in the process of development. It generates
employment at low cost and helps the society to move on the path of
prosperities & growth. According to the Fourth Census of MSME in
2006-07 in India, the number of MSME's was estimated at 26.1 (only
1.55 million registered-source MSME annual report.2009-10,
Government of India) million employing out of 59.73 million peoples.
Out of these MSMEs 72 percent are engaged in manufacturing and 28
per cent in service enterprises. In terms of size of enterprises 94.67
percent are micro enterprises, 5.05 per cent are small enterprises and
the rest 0.25 per cent are medium enterprises. This sector contributes
to more than 45 per cent of the total manufacturing output and
accounts for over 33 per cent of the total exports of the country and
forms the second largest source of employment. MSME sector is
better employment generating sector. The organized industrial sector
requires an investment of 0.67 million rupees to generate
employment of one person, whereas the MSME sector generates
employment of 1.27 person with the same investment.
On this back ground, we have analyzed the position of Odisha state to
find out the areas of strength, weakness and opportunities to make
them more effective and follow the path of accelerated growth in
MSME sector.
Introduction
Introduction
Introduction
7. Odisha state has been blessed abundantly with some important
natural resources like, coal, iron ore, manganese ore, chromite,
nickel, bauxite and fireclay to name a few. It also has large forest
cover area and vast sea cost. During the last one decade, to utilize
these natural resources some of the large scale industries mainly in
sector of steel, power and aluminum have been set up. By the end of
2008-09, the State Government had signed 79 Memorandum of
Understandings (MoU) on various industrial sectors with a total
Investment of Rs. 3653,270 million.
Besides these large industries MSME units have also been set up by
entrepreneurs. The importance in utilization of local resources to
generate employment and improve living standards of people, who
are not employed in large industries, agriculture and services sector,
Government of India and like wise State governments including
State Government of Odisha have also started giving stress for the
development MSMEs. The number of small scale industries and what
is called MSME has been increasing overtime in the state of Odisha.
During 2008-09 the maximum number of MSME was set up in
Sundargarh district, Cuttack district was the next followed by
Khordha and Ganjam district.
8. ENTERPRISE
INVESTMENT IN PLANT AND
MACHINERY
MICRO LESS THAN RS 25 LAKHS
SMALL
OVER RS 25 LAKHS BUT NOT
EXCEEDING RS 5 CRORES
MEDIUM
OVER RS 5 CRORES BUT LESS
THAN RS 10 CRORES
Meaning of MSME's
Meaning of MSME's
Meaning of MSME's
The MSMEs are defined in different ways in different parts of the
world. Some define them in term of assets, while others in term
of employments, share holders funds or sales. At present,
Government of India (GOI) has given a clear definition.
According to the Micro, Small and Medium Enterprise
Development MSME Act, 2006 the Micro, Small and Medium
Enterprise (MSME) are classified as:
The Enterprise engaged in the manufacture of production of
goods pertaining to any industry specified in the first schedule to
the industries (Development and Regulation Act,1951).The
manufacturing Enterprises are defined in terms of investment in
plant and machinery.
MANUFACTURING ENTERPRISES-
9. ENTERPRISE
INVESTMENT IN PLANT AND
MACHINERY
MICRO LESS THAN RS 10 LAKHS
SMALL
OVER RS 10 LAKHS BUT NOT
EXCEEDING RS 2 CRORES
MEDIUM
OVER RS 2 CRORED BUT LESS THAN
RS 5 CRORES
ENTERPRISE
INVESTMENT IN PLANT AND
MACHINERY
MICRO
LESS THAN RS 1 CRORE AND
TURNOVER DOES NOT EXCEED RS 5
CRORE
SMALL
OVER RS 1 CRORE BUT NOT
EXCEEDING RS 10 CRORE AND
TURNOVER DOES NOT EXCEED 50
CRORE
MEDIUM
OVER RS 10 CRORE BUT LESS THAN
RS 50 CRORE AND TURNOVER DOES
NOT EXCEED RS 250 CRORE
SERVICE ENTERPRISES--
The Enterprises engaged in providing or rendering of services and
are defined in terms of investment in equipment.
Now w.e.f. 01/07/20 Investment in plant and machinery or Equipment and Annual
Turnover
10. Literature Review
The MSME (Micro, Small and Medium Enterprises) sector in Odisha
has been a critical contributor to the state's economy, providing
employment opportunities, increasing regional income, and
enhancing overall economic growth. This literature review presents
an overview of the MSME's sector in Odisha, analyzing its growth,
challenges, and policy interventions.
According to the Ministry of MSME's Annual Report 2020-21, there
are around 458,491 registered MSME's in Odisha, providing
employment to over 1.9 million people. These MSMEs contribute
approximately 24.2% to the state's Gross Value Added (GVA) and
41.3% to its exports. However, the sector still faces several challenges,
such as lack of access to finance, inadequate infrastructure, and
limited technological capabilities.
The Odisha MSME Policy 2016 aimed to address these challenges by
promoting entrepreneurship, creating an enabling environment for
MSME's, and providing access to finance, technology, and
infrastructure. The policy also focused on skill development and
capacity building for MSME's to enhance their competitiveness in the
global market.
11. However, despite the policy interventions and growth of the sector,
MSME's in Odisha still face several challenges, including inadequate
access to finance, lack of skilled manpower, and insufficient
infrastructure. A study by Sir Behera and Patnaik (2020) highlighted
the challenges faced by MSMEs in the state, and suggested the need
for strengthening the support system, creating a conducive
environment, and developing a cluster-based approach to enhance
the competitiveness.
A study by Sir Patnaik and Nayak (2021) analyzed the impact of the
Odisha MSME's Policy on the performance of MSMEs in the state. The
study found that the policy had a positive impact on the growth,
productivity, and profitability of MSMEs, leading to an increase in
employment and income.
Another study in the year 2019 examined the growth and
development of MSME's in Odisha, focusing on their role in promoting
inclusive economic growth. The study found that MSME's had a
significant impact on regional development, creating job
opportunities in rural areas, and contributing to poverty reduction.
MSME's sector in Odisha has emerged as a critical contributor to the
state's economy, creating employment opportunities, and promoting
inclusive growth. However, the sector still faces several challenges,
such as inadequate access to finance and infrastructure, which require
policy interventions to be addressed. The Odisha MSME's Policy 2016
has provided a framework for the growth and development of the
sector, but more needs to be done to enhance the competitiveness of
MSME's in the state.
12. Research gap on MSMEs in Odisha could be exploring the challenges
and opportunities for women entrepreneurs in the state. While
Odisha has made efforts to support MSME's through various policies
and initiatives, there may still be gender-based barriers that prevent
women from fully participating in the entrepreneurial ecosystem.
ODISHA
EnterprisesManaged by Woman
33,274
Woman Enterprise
38233
It is a Report provided by the govt. of India on April 16,2023 as
mention below to show the Woman contribution in MSME’s Mission
13. By Examining the Chart and figures it is clear that Odisha is in a
better place as compare to many states but still there is many more
things that has to be done to increase the number.
ODISHA’s Chief Minister Shri NAVEEN PATNAIK has formed many
polices to increase the role of Women in the field of Entrepreneurship
that will Ultimately affect the Society in a Positive Ways.
I would like to Highlight Certain Policies which in my thoughts are
Revolutionary Steps to Motivate More Woman’s to Participate in
building their future as an Entrepreneur (MSME’s Field)
1.Industrial Policy Resolution (IPR) 2015
It aims at making Odisha a destination of choice for the investors
worldwide. The prime Objective is to transform Odisha into a Vibrant
industrialized State
• 75% reimbursement (in case of male workers) and 100%
reimbursement (in case of FEMALE WORKERS) of expenditure on
account of contribution towards ESI (Employee State Insurance) and
EPF (Employees Provident Fund) scheme for a period of 5 years for
new and existing units undertaking (E/M/D) in Micro and small
sector which employ skilled and semi skilled workers who are
domicile of the state as regular employees.
• 50% reimbursement (in case of male workers) and 100%
reimbursement (in case of FEMALE WORKERS) of expenditure on
account of contribution towards ESI and EPF Scheme for a period of 3
years for new and existing units undertaking E/M/D in medium
sector which employ skilled and semi-skilled workers who are
domicile of the State as regular employees.
14. The objective of the policy is to provide the required infrastructural
and institutional support and fiscal incentives to boost value addition
in the sector. Under this policy Capital Investment Subsidy is being
given to SC, ST, WOMEN enterprise & enterprise set up in Industrially
Backward districts including KBK-@33% of capital investment made
in plant & machinery upto a maximum limit of Rs 3 crore.
This is implemented by the Department of Mirco,Small & Medium
Enterprises.
2.Odisha Mirco,Small & Medium Enterprises (MSME's)
Development Policy 2016
The Odisha MSME Development Policy 2016, enhances capital
investment subsidy to MSMEs and lays particular emphasis on the
development of entrepreneurship amongst Scheduled Castes (SC),
Scheduled Tribes (ST), differently abled persons and WOMEN across
the state. This policy aims to make Odisha a destination of choice.
3.Odisha Food Processing Policy 2016
4.Odisha Start-up Policy 2016
The vision of the policy is to make Odisha emerge amongst the top 3
"Start-up Hubs" in India by 2020 through strategic partnerships,
conducive ecosystem, and investment and policy interventions. To
unleash the potential of WOMEN entrepreneurship, this policy aims
to have at least 33% of the Startups with founders/Co-founders as
WOMEN.
15. By understanding these challenges and identifying potential solutions
could help to promote greater gender equality and economic growth
in the state. Additionally, research could explore the impact of
specific policies or interventions on women-led MSMEs in Odisha,
and identify best practices for supporting their growth and success.
5.Odisha Procurement Preference Policy for Micro &
Small Enterprises 2015
The objective of the policy is to provide and ensure fair, transparent,
consistent, rationally equitable procurement practices of goods &
services, produced and provided by Micro, small enterprises
enhancing their competitiveness. Under this policy there are special
provisions for micro and small enterprises owned by SC/ST, PH,
women, and technical degree/diploma holders. Out of 20 percent
target of annual procurement from micro and small enterprises, a sub
target of 20 percent (i.e. 4 percent out of 20 percent) shall be
earmarked for procurement from micro and small enterprises owned
by the Scheduled Castes or Scheduled Tribes, Physically Challenged,
women and Technical (Degree/Diploma holding) entrepreneurs.
This is implemented by the Department of Micro, Small & Medium
Enterprises
As I have mentioned few points there are other Policies also which is
made for the benefits of the WOMEN in the MSME's Sector.The
Policies are been framed for the development of WOMEN in the
Sector earlier but the implementation as got many challenges which
has prevented it from effectively working for them.In Order for
Proper utilisation of the Scheme,the Challenges and the barrier needs
to be identified and correct measure has to be taken at Proper time .
16. 1.To assess the current state of MSMEs in Odisha and identify the
challenges faced by them.
2.To study the impact of various government policies and schemes on
the growth and development of MSMEs in Odisha.
3.To identify the opportunities for the growth of MSME's in various
sectors in Odisha, including manufacturing, services, and agriculture.
4.To analyze the availability and accessibility of finance, technology,
and infrastructure for MSME's in Odisha.
5.To suggest measures to improve the competitiveness of MSME's in
Odisha and to enhance their contribution to the state's economy.
ODISHA MAP
17. 6.To recommend policy interventions and institutional mechanisms
to support the growth and development of MSME's in Odisha.
7.To assess the potential of MSME's to generate employment and
promote inclusive growth in Odisha.
8.To identify best practices and success stories of MSME's in Odisha
and to disseminate them widely.
9.To create a roadmap for the sustainable growth of MSME's in
Odisha, taking into account the state's unique socio-economic and
geographical characteristics.
10.To develop a database of MSME's in Odisha, which can be used as a
reference for future research and policy formulation.
18. The present study is based on certain facts and data, which are
collected from the following sources.
The secondary data includes annual report of MSME, Economic
Survey of Odisha, MSME Department, Govt. of Odisha and RBI
website other related research articles.
Tools and Techniques
The most appropriate research tools like: Anova, ratio, percentage
etc. are used to analyze the effectiveness of MSMEs in promoting the
socio-economic condition of rural poor households in Odisha.
This paper examined the importance, contribution and development
potential of micro, small and medium enterprises in the state of
Odisha. Data are collected from primary and secondary source.
Primary data are collected from various clusters. In addition to that
data are collected from success story of MSME's clusters. Secondary
data are collected from published and unpublished reports, books,
journals and various seminars. The present paper dealing with
MSME's in Odisha is concentrating on two important sectors i.e
handloom and handicraft in a wider prospect in comparison to other
MSME's sectors.
19. This paper examined the importance, contribution and development
potential of micro, small and medium enterprises in the state of
Odisha. Data are collected from primary and secondary source.
Primary data are collected from various clusters. In addition to that
data are collected from success story of MSME's clusters. Secondary
data are collected from published and unpublished reports, books,
journals and various seminars. The present paper dealing with MSME
in Odisha is concentrating on two important sectors i.e handloom and
handicraft in a wider prospect in comparison to other MSME sectors.
21. Table-01 depicted that there is a consistent growth of
MSMEs in Odisha during 2007-12. The year 2011-12
witnessed highest number of MSMEs with capital worth
Rs.500.73 crore and huge employments. The lowest units
of MSME was 4556 in the year 2006-07 with investment
Rs.271.14 crore. The MSMEs are the biggest employment
providers in rural Odisha next to agriculture. During
2008-09, growth trend employments in MSME's was in
decreasing trend.
2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012
6,000
4,000
2,000
0
Graph-01 showing number of MSMEs in Odisha.
Source: Economic Survey, Govt. of Odisha, 2011-12
22. Repairing and Services
32.3%
Food and Allied
22.2%
Engineering and Metal
11%
Textile
7.5% Glass and ceramics
7.3%
Forest and Wood Based
6.1%
Miscellaneous manufacturing
5.6%
Chemical and Allied
2.6%
Graph-02 showing product wise MSMEs in Odisha.
Source: Directorate of Industries,Odisha - 2011.
From Graph-01, the total number of MSMEs in Odisha
was 4556 in the year 2006- 07. This graph shows
consistent growth in number of MSME's units in Odisha.
The year 2011 registers highest number of MSME's units is
5016. As a whole, this graph depicts constant rising
number of MSME's in Odisha despite natural calamities
like floods and cyclone and other impediments.
23. 0 5,000 10,000 15,000 20,000 25,000
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
Graph-3 showing Employment Generation by MSMEs Sector in Odisha.
Graph- 2 shows that the maximum number of MSMEs
belongs to the repairing and services sub-sector (32.29%).
Food and allied sector occupies 22.20% in total MSME
units set-up. It is the engineering and metal sector which
occupies 11% in total MSME's units set-up. Similarly
Textiles' Glass and Ceramic occupy 7.45%, 7.31%
respectively in total MSME's. Forest and wood (6.07%),
Misc. Manufacturing (5.58%), Paper & paper products
(2.57%), Chemical allied sector (2.55%) of the total number
of MSME's units by the end of 2010-11. The livestock and
leather sector is the last in number in terms of MSME's
units set-up.
Employement by MSMEs in Odisha
Source: EconomicSurvey,Odisha,2011-12
24. 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011
2,000
1,500
1,000
500
0
Graph-04 showing export growth in MSMEs
Source: Economic Survey, Odisha 2011-12
MSME's are recognized as the biggest providers in
employments among rural youth and brings a sea
change in their life style as well as various dimensions of
rural Odisha.
From Graph-03, it is depicted that the year 2006-07
shows employment in lowest number (20839) and
highest number of employment touches 24451 during
2010-11. Every year registers gainful employment except
2008-09. As a whole, there is an increase in gainful
employments in MSME's in Odisha.
25. Mineral Products
57.6%
Metallurgical Product
28.2%
Electronics
7.4%
Engineering , Chemical and Allied Products
3.6%
Marine Products
3.2%
Graph-05 showing export growth in MSMEs
Composition of Exports from Odisha (2010-11)
Source: Economic Survey, Odisha 2011-12
MSME's sector plays a major role in India’s present export
performance. This sector contributes 45%-50% of the Indian exports.
The export constitutes direct export for nearly 35% and indirect 15% to
exports. As per the data available in Economic Survey, Odisha at the
end of 2011-12, there were 344 exporters in Odisha and 22,012
Industrial units including 2,285 small scale registered units. Nearly
5,225 samples were tested in the six testing laboratories and Rs.12.70
lakh of testing fees were collected in 2011-12.
Graph-04 reflects that MSMEs have made Rs.13,000 crores export
transactions. There was little rise in export transactions from
February-March - 2014 2007 to 2008. The year 2009 registered
lowest exports worth 12500 crores.
26. The opportunities of growth in the MSME's sector are
enormous due to the following factors:
ó Less Capital Intensive.
ó Extensive Promotion & Support by
Government.
ó Reservation for Exclusive Manufacture by small scale
sector.
ó Funding-Finance&Subsidies.
ó Raw Material Procurement.
ó ManpowerTraining.
ó Cluster programme for development of technical &
entrepreneurial skills.
ó Reservation for exclusive purchase by government
ó Duetoexportgrowth.
ó Growing in demand in the domestic market
size.
Graph-04 reflects that mineral sectors achieved highest percentage of
exports in 2010-11. The second highest percentage of exports
achieved by metallurgical sectors that is 28.19%. The marine sectors
showed 3.18% exports transactions. Electronic sector occupies third
highest position in exports.
OPPORTUNITIES & POTENTIALITIES IN MSMEs
27. Small is beautiful. MSME's have commendable
contribution to the rural economy as well as national
economy at large. But MSME's Sector facing financial
constraints and does not get the required support from
the concerned February-March - 2014 Government
Departments, Banks, Financial Institutions and Corporate.
MSME's face a number of problems and constraints in
their part of progress.
ó Lack of adequate and timely funding.
ó Limited capital and knowledge.
ó Non-availability of suitable technology with limited
sources.
ó Lower production.
ó Lack of marketing scope.
ó Globalization impact.
ó Cut throat competition with big sectors.
ó Non availability of highly skilled labor at affordable cost.
ó FDI in retail sector etc.
Despite the various challenges in the way of progress, the
MSME's sector has performed exceedingly well and
enabled our country to achieve a wide measure of
industrial growth and diversification. SSI sector has made
significant contributions to employment generation and
also to rural industrialization.
CHALLENGES FACED BY MSME's
CHALLENGES FACED BY MSME's
28. The MSME's sector is the second highest employment
generating sector next only to agriculture. It needs special
attention of policymakers at the national and state levels.
MSME’s can be an engine of significant force on realizing the
twin objectives of accelerated industrial growth and
productive employees expansion in rural and hitherto
backward areas.
Out of the total 1.55 million MSME's Units, only 102 thousand
(6.57 percent) are registered and employment at only these
units are recorded with the government. There is an urgent
need to have a policy to record all units in the state to
understand the actual employment situation. This will enable
policymakers to decide the appropriate course of action in
terms of creation of industry clusters, provision of
infrastructure, product and market development, expansion
of financial support.
29. Among MSME’s the handloom sector plays a dominant
role .Weavers produce a variety of fabric. The cluster
development program has enables the weavers to
improve their standard of living and develop a better
community life. It has helped them to unite under a single
forums. The handloom sector remains less market
friendly for its inadequate skill, limited market exposure,
lack of capital and initiatives. For long it’s master
craftsmen remained too traditional self centered and less
development friendly.
There is a need for industry-ready manpower ,as such
there is an urgent need for upgrading the existing MSME's
institute to a national level institutions with branches in
state centers such as ROUKELA, BERHAMPUR and
SAMBALPUR. The institute should be close coordination
among various agencies including the industry
associations, technology providers , Bankers, Government
agencies , local/international agencies like UNIDO.
30. 1.Economic Survey of Odisha,2009-10
2.Micro Small and Medium Enterprises (MAME) and
Economic Development of Odisha by Krupasindh
Pradhan and Santosh Kumar Munda.
3.Growth and Prospect of MSME‘s in Odisha :- An
Analytical Approach by Suratha kumar Das.
4.The New Indian Express :-Industry 4.0,A case fit MSME’s
in Odisha.
5.Wikipedia Site
6,CHART GPT
7.Factors influencing the performance of MSMEs in the
state of Odisha Report.
8.https://missionshakti.odisha.gov.in/sites/default/files/
2022-03/Books-States-Enabling-provisions-for-Women-
Enterprenuers.
9.https://www.dcmsme.gov.in/ssiindia/census/ch11.htm
THE END