Unleashing The Growth Potential Of Indian MSME Sector

• DOI: 10.1515/cer-2017-0011
• Publication Date: 2017-06-30T08:39:20Z
• Authors: Sumanjeet Singh; Minakshi Paliwal
• Keywords: Liberian dollar; Position (finance)

The MSME sector occupies a position of strategic significance in the Indian economic structure. This contributes nearly eight per cent to country’s GDP, employing over 80 million people 36 widely-dispersed enterprises across country; accounting for 45 manufactured output, 40 total export, and producing more than 8000 valueadded products ranging from traditional high-tech. Furthermore, these are nurseries innovation entrepreneurship, which will be key future growth India. It is also an acknowledged fact that this can help realise target proposed National Manufacturing Policy enhance share manufacturing GDP 25 create 100 jobs by end 2022, as well foster take India its present two trillion dollar economy 20 economy. Despite sector’s high enthusiasm inherent capabilities grow, story still faces number challenges. In light, paper examines role MSMEs India’s explores various problems faced sector. attempts discuss policy measures undertaken Government strengthen MSMEs. Finally, proposes strategies aimed at strengthening enable it unleash potential make