Small and Medium Enterprises (SMEs) to promote Economic Development in India
DOI:
https://doi.org/10.48047/fn25xc71Keywords:
Technology Adoption, Economic Expansion, Inclusive Economic Growth, Technological Gaps, Encouraging Entrepreneurship, Infrastructure Support, Financial Aid,Abstract
Small and medium-sized Enterprises SMEs, are essential to India's economic growth because they propel expansion in a number of industries, such as manufacturing, services, and exports. SMEs, which make up more than 90% of India's industrial units, are essential for creating jobs, increasing industrial output, encouraging innovation, and advancing regional development. This study examines the various ways that SMEs affect India's economy, meanwhile the emphasizing how they contribute to GDP, export performance, and job creation.
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References
Vinay Kumar (2017), "An analysis of growth of MSMES in India and their contribution in employment and GDP of the country", International Journal of
Interdisciplinary and Multidisciplinary studies, Vol.4(2), PP: 187-191
Micro, Small and Medium Enterprises (MoMSME). (2021). Annual Report 2020-21. Retrieved from https://www.msme.gov.in
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