THE ROLE OF MICRO, SMALL AND MEDIUM ENTERPRISES IN INDIAN ECONOMY: A PRESENT SCENARIO

Author Name: 1. Dr. V. Kokila

Volume/Issue: 05/10

Country: India

DOI NO.: 08.2020-25662434 DOI Link: https://doi-ds.org/doilink/03.2025-77423194/UIJIR

Affiliation:

1. Assistant Professor, Department of Economics, University of Madras, Chennai.

ABSTRACT

The MSME’s are considered as the major source of growth of the developing nations. Since India has the largest population where the MSMEs plays dominant role in generating employment opportunities to the increasing population. Our country’s growth is depend on the micro, small and medium enterprises contributes to the GDP output, employment and exports. As per the data from Ministry of Statistics and Programme Implementation the share of MSMEs in all India manufacturing output in the FY22 was 35 percent. According to the Data Dissemination Portal of Directorate of General of Commercial Intelligence and Statistics (DGCIS) states the 45.7 percent share of export in specified products are contributed by MSMEs in all-India export. The prime goal of this study is to present the current scenario of MSME in India and analyze it challenges and opportunities and provide solution to the problems of MSMEs.

Key words: MSME, Challenges, COVID-19 pandemic, opportunities.