MSME Industry of India: Outlook and Challenges

Wednesday, June 23 2021

“If I cannot do great things, I can do small things in a great way”. Martin Luther King, Jr.


Micro, Small and Medium Enterprises (MSMEs), which are the growth driver of the Indian economy, are characterized typically by its informal nature with high employment-intensity, exports, substantial contribution to domestic GDP, operational flexibility with low investment requirement, etc.

The significance of MSMEs stems, inter-alia, from the following facts.

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